Complex sentence: A year later, in the summer of 2001, Banc of America and UBS Warburg were on board as the new underwriters, and an October date was set for the public offering to take place.
Split into simpler sentences: A year later, in the summer of 2001, new underwriters were on board, Banc of America and UBS Warburg. An October date was set for the public offering to take place.