Marchex Announces Pricing of Public Offering of 5,714,000 Shares of Class B Common Stock
March 26 2014 - 8:13PM
Business Wire
Marchex, Inc. (NASDAQ:MCHX), a mobile advertising technology
company, announced today the pricing of its underwritten public
offering of 5,714,000 shares of Marchex's Class B common stock at a
price to the public of $10.50 per share. The Company has agreed to
sell 2,857,000 shares of its Class B common stock and certain
existing shareholders have agreed to sell an additional 2,857,000
shares of its Class B common stock. Marchex has granted the
underwriters a 30-day option to purchase up to an additional
514,100 shares of Class B common stock to cover over-allotments, if
any, and the selling shareholders, collectively, have granted the
underwriters a 30-day option to purchase up to an additional
343,000 shares of Class B common stock, in each case at the public
offering price less the underwriting discount.
Marchex intends to use the net proceeds of the offering for
general corporate purposes, which may include acquisitions or
licenses of, or investments in, products, services, technologies or
other businesses. Marchex will not receive any of the proceeds from
the sale of shares by the selling shareholders.
Deutsche Bank Securities is acting as the lead book-running
manager and representative of the underwriters for the offering.
RBC Capital Markets and Piper Jaffray are acting as joint
book-running managers. BMO Capital Markets and Stephens Inc. are
co-managers for the offering.
The shares of Class B common stock are being sold pursuant to
Marchex’s existing effective shelf registration statement on file
with the Securities and Exchange Commission. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities of Marchex, nor shall there be any sale
of securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offer will be made only by means of a
prospectus, including a prospectus supplement and accompanying
prospectus, copies of which may be obtained, when available, from:
Deutsche Bank Securities Inc. at 60 Wall Street, Attention:
Prospectus Group, New York, NY 10005-2836, by email at
prospectus.CPDG@db.com or by phone at (800) 503-4611; RBC Capital
Markets, LLC, 3 World Financial Center, 200 Vesey Street,
8th Floor, New York, NY 10281-8098, Telephone:
877-822-4089; or Piper Jaffray, Attention: Equity Capital Markets,
800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at
800-747-3924 or email at prospectus@pjc.com. The prospectus
supplement and accompanying prospectus also will be available on
the SEC’s website at www.sec.gov.
Forward-Looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding our strategy, future operations, future financial
position, future revenues, other financial guidance, acquisitions,
projected costs, prospects, plans and objectives of management are
forward-looking statements. We may not actually achieve the plans,
intentions or expectations disclosed in our forward-looking
statements and you should not place undue reliance on our
forward-looking statements. Actual results or events could differ
materially from the plans, intentions and expectations disclosed in
the forward-looking statements we make. There are a number of
important factors that could cause Marchex's actual results to
differ materially from those indicated by such forward-looking
statements which are described in the "Risk Factors" section of our
most recent periodic report and registration statement filed with
the SEC. All of the information provided in this release is as of
March 26, 2014 and Marchex undertakes no duty to update the
information provided herein.
About Marchex
Marchex is a mobile advertising technology company. The company
provides a suite of products and services for businesses that
depend on consumer phone calls to drive sales. Marchex’s mobile
advertising platform delivers new customer phone calls to
businesses, while its technology analyzes the data in these calls
to help maximize ad campaign results. Marchex disrupts traditional
advertising models by giving businesses full transparency into
their ad campaign performance and charging them based on new
customer acquisition.
Please visit www.marchex.com, blog.marchex.com or @marchex on
Twitter (Twitter.com/Marchex), where Marchex discloses material
information from time to time about the company, its financial
information, and its business.
Marchex Investor RelationsTrevor Caldwell, 206-331-3600Email:
ir(at)marchex.comorMEDIA INQUIRIES:Marchex Corporate
CommunicationsSonia Krishnan, 206-331-3434Email:
skrishnan(at)marchex.com
Marchex (NASDAQ:MCHX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Marchex (NASDAQ:MCHX)
Historical Stock Chart
From Apr 2023 to Apr 2024