March 30, 2010 (FinancialWire) — ViaSat Inc. (NASDAQ: VSAT) has upsized and priced an underwritten public offering of common stock. The size of the offering has been increased from a previously reported 5.5 million shares of common stock to six million shares at a public offering price of $33.50 per share.

In addition, the underwriters exercised their over-allotment option to purchase an additional 446,689 shares from ViaSat and an additional 453,311 shares from certain selling stockholders, bringing the total number of shares of common stock to be sold in the offering to 6.9 million shares.

After giving effect to the upsizing of the offering and the exercise of the over-allotment option, the public offering consists of 3,173,962 shares offered by ViaSat and 3,726,038 shares offered by the selling stockholders. The closing of the sale of the common stock is expected to occur on March 31, 2010, subject to the satisfaction of customary closing conditions.

ViaSat plans to use the net proceeds it will receive from the offering (which are estimated to be around $100.5 million after deducting underwriting discounts and estimated offering expenses) for general corporate purposes, which may include working capital, capital expenditures, financing costs related to the purchase, launch and operation of its ViaSat-1 satellite or any future satellite, or other potential acquisitions.

California-based ViaSat produces satellite and other digital communication products.

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