ZEPHYR COVE, Nev., Aug. 21, 2015 /PRNewswire/ -- VirnetX Holding
Corporation (NYSE MKT: VHC), an Internet security software and
technology company (the "Company"), announced today that it has
filed a universal shelf registration statement on Form S-3 with the
U.S. Securities and Exchange Commission ("SEC"). The universal
shelf registration statement is intended to provide the Company
with the flexibility to offer and sell from time to time up to
$100 million of equity, debt or other
types of securities described in the registration statement, or any
combination of such securities. The Company has also entered
into an at-the-market equity offering sales agreement with Cowen
& Company, LLC, on August 20,
2015, under which VirnetX may offer and sell shares of its
common stock having an aggregate value of up to $35 million through Cowen. VirnetX expects to use
any proceeds from this offering for Gabriel product development and
marketing, and general corporate purposes, which may include
working capital, capital expenditures, other corporate expenses and
acquisitions of complementary products, technologies or
businesses.
Under the ATM equity offering sales agreement, sales of common
stock, if any, through Cowen, will be made at market prices by any
method that is deemed to be an "at the market" offering as defined
in Rule 415 under the Securities Act of 1933, as amended, including
sales made directly on the NYSE MKT and any other trading market
for the common stock, and sales to or through a market maker other
than on an exchange.
The common stock will be offered under the universal shelf
registration statement. Any offer, solicitation or sale will
be made only by means of the prospectus included in the shelf
registration statement. Current and potential investors should read
the prospectus in the registration statement relating to the
at-the-market offering and other documents the company has filed
with the SEC for more complete information about VirnetX and the
at-the-market offering program.
A copy of the prospectus relating to these securities may be
obtained by contacting Investor Relations at the phone number or
email address below.
A registration statement relating to these securities has
been filed with the SEC, but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This
press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor may there be any sale of
VirnetX's common stock in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities law of any state
or jurisdiction.
About VirnetX
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE security. The Company's
software and technology solutions, including its secure domain name
registry and GABRIEL Connection Technology™, are designed to
facilitate secure communications and to create a secure environment
for real-time communication applications such as instant messaging,
VoIP, smart phones, eReaders and video conferencing. The
Company's patent portfolio includes over 112 U.S. and international
patents and over 75 pending applications. For more
information, please visit www.virnetx.com.
Investor Relations
VirnetX Holding Corporation
775.548.1785
ir@virnetx.com
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SOURCE VirnetX Holding Corporation