Identiv Announces Proposed Public Offering of Common Stock
May 18 2017 - 4:01PM
Identiv, Inc. (NASDAQ:INVE) today announced that it has commenced
an underwritten public offering of its common stock. All of the
shares are being offered by Identiv. In addition, Identiv expects
to grant the underwriter a 30-day option to purchase additional
shares of its common stock at the public offering price, less
underwriting discounts and commissions. The offering is subject to
market and other conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual
size or terms of the offering.
Identiv intends to use the net proceeds from the offering for
working capital and other general corporate purposes. Identiv may
also use a portion of the net proceeds from the offering to acquire
or invest in complementary businesses, technologies or other
assets, although it has no present commitments or agreements to do
so.
Northland Capital Markets is acting as the sole bookrunner for
the offering.
The shares will be issued pursuant to a shelf registration
statement previously filed with and subsequently declared effective
by the Securities and Exchange Commission (SEC). A preliminary
prospectus supplement and accompanying prospectus relating to the
offering will be filed with the SEC and will be available on the
SEC’s website. A copy of the preliminary prospectus supplement and
accompanying prospectus relating to the offering, when available,
may be obtained by contacting Northland Capital Markets at 45 South
Seventh Street, Suite 2000, Minneapolis, Minnesota 55402,
attention: Heidi Fletcher, by calling toll free at (800) 851-2920,
or by e-mailing hfletcher@northlandcapitalmarkets.com.
This press release does not and shall not constitute an offer to
sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction. Any offer,
if at all, will be made only by means of a prospectus, including a
prospectus supplement, forming a part of the effective registration
statement.
About Identiv
Identiv, Inc. is a global provider of physical security and
secure identification. Identiv’s products, software, systems, and
services address the markets for physical and logical access
control and a wide range of RFID-enabled applications. Customers in
the government, enterprise, consumer, education, healthcare, and
transportation sectors rely on Identiv’s access and identification
solutions. Identiv’s mission is to secure the connected physical
world: from perimeter to desktop access, and from the world of
physical things to the Internet of Everything. Identiv is a
publicly traded company and its common stock is listed on the
NASDAQ Capital Market in the U.S. under the symbol “INVE.” For more
information, visit identiv.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by words such
as: “anticipate,” “intend,” “plan,” “expect,” “believe,” “should,”
“may,” “will” and similar references to future periods. Examples of
forward-looking statements include, among others, statements
relating to Identiv’s expectations regarding the completion, timing
and size of the proposed public offering, its expectations with
respect to granting the underwriter a 30-day option to purchase
additional shares, and its intentions with respect to the use of
net proceeds from the proposed offering. Forward-looking statements
are neither historical facts nor assurances of future performance.
Instead, they are based on our current beliefs, expectations and
assumptions regarding the future of our business, future plans and
strategies, anticipated events and trends, the economy and other
future conditions. Forward-looking statements involve risks and
uncertainties, which could cause actual results to differ
materially, and reported results should not be considered as an
indication of future performance. These risks and uncertainties
include, but are not limited to, those relating to completion of
the public offering on the anticipated terms or at all, market
conditions, the satisfaction of conditions to the closing of the
proposed offering, and other risks set forth in Identiv’s filings
with the Securities and Exchange Commission, including the
risks set forth in Identiv’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2016. These forward-looking
statements speak only as of the date hereof
and Identiv specifically disclaims any obligation to
update these forward-looking statements.
Investor Relations Contact:
IR@identiv.com
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