RigNet Exercises Over-Allotment

[SatNews] RigNet announces that underwriters of its recently completed initial public offering of common stock have exercised their over-allotment option in full and will purchase an additional 500,000 shares of common stock from RigNet and 250,000 additional shares of common stock from the selling stockholders at the initial public offering price of $12 per share less the underwriting discount. The sale of the additional shares of common stock is anticipated to close on January 6, 2011.

Deutsche Bank Securities Inc. and Jefferies & Company, Inc. acted as joint book-running managers for the offering. Oppenheimer & Co. Inc. and Simmons & Company International were the co-managers of the offering. A copy of the final prospectus may be obtained from either.