SoundThinking (formerly ShotSpotter, Inc.) — Press Release
ShotSpotter, Inc. Announces Closing of Initial Public Offering
NEWARK, California – June 12, 2017

ShotSpotter, Inc. ("ShotSpotter") (NASDAQ: SSTI), a gunfire detection and solutions company, today announced the closing of its previously announced initial public offering of common stock. ShotSpotter sold to the underwriters 3,220,000 shares of common stock at a public offering price of $11.00 per share, which includes 420,000 shares of common stock sold upon full exercise of the underwriters' over-allotment option. All of the shares of common stock in the offering were sold by ShotSpotter. ShotSpotter received aggregate proceeds of approximately $35.4 million, before deducting underwriting discounts and commissions and estimated offering expenses. ShotSpotter's common stock commenced trading on the NASDAQ Capital Market on June 7, 2017 under the trading symbol "SSTI."

Roth Capital Partners acted as the sole book-running manager for the offering and as the representative of the underwriters. Northland Capital Markets acted as co-lead manager and Imperial Capital acted as co-manager for the offering.

A registration statement relating to the shares of common stock sold in the offering was declared effective by the Securities and Exchange Commission (the "SEC") on June 6, 2017.

ShotSpotter is the global leader in gunfire detection and location technology. ShotSpotter's solutions help law enforcement officials and security personnel identify, locate and deter gun violence. ShotSpotter is based in Newark, California and offers its solutions on a SaaS-based subscription model to customers around the world, with current customers located in the United States, Puerto Rico, the U.S. Virgin Islands and South Africa.

Company Contact: Alan Stewart, CFO, ShotSpotter, Inc.
Media Contact: Liz Einbinder, ShotSpotter, Inc.

Note: SoundThinking's current trademark list (as of this page's 2026 footer) includes SoundThinking, SafetySmart, ShotSpotter, CrimeTracer, CaseBuilder, ResourceRouter, SafePointe, and PlateRanger -- PlateRanger indicates the company now also offers its own ALPR product line, not just gunshot detection.