Wave to Complete $1.2 Million Stock Offering
December 19 2013 - 9:00AM
Marketwired
Wave to Complete $1.2 Million Stock Offering
LEE, MA--(Marketwired - Dec 19, 2013) - Wave Systems Corp.
(NASDAQ: WAVX) today announced that it is selling to investors
1,253,351 shares of its Class A common stock at a price of $0.9725
per share, yielding gross proceeds of approximately $1,218,885.
Investors in the offering will also receive five-year warrants to
purchase an aggregate of 626,674 shares of Wave's Class A common
stock for $0.91 per share. The net proceeds of the financing will
be used to fund Wave's ongoing operations.
Security Research Associates acted as placement agent in
connection with the offering. The shares and shares underlying the
warrants in this offering are being issued under a shelf
registration statement declared effective by the Securities and
Exchange Commission on September 12, 2013. A prospectus supplement
related to the public offering will be filed with the Securities
and Exchange Commission.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
About Security Research Associates Security Research Associates
(SRA) was founded in San Francisco in 1980 and today offers both
investment banking and institutional brokerage services. A boutique
firm by design, SRA works with a select group of portfolio managers
from around the country and focuses on technology and life science
companies in the micro and small cap arenas. For more information,
visit www.sracap.com.
About Wave Systems Wave Systems Corp. (NASDAQ: WAVX) reduces the
complexity, cost and uncertainty of data protection by starting
inside the device. Unlike other vendors who try to secure
information by adding layers of software for security, Wave
leverages the security capabilities built directly into endpoint
computing platforms themselves. Wave has been a foremost expert on
this growing trend, leading the way with first-to-market solutions
and helping shape standards through its work as a board member for
the Trusted Computing Group.
Safe Harbor for Forward-Looking Statements This press
release may contain forward-looking information within the meaning
of the Private Securities Litigation Reform Act of 1995 and Section
21E of the Securities Exchange Act of 1934, as amended (the
Exchange Act), including all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the company, its directors or its officers with
respect to, among other things: (i) the company's financing plans;
(ii) trends affecting the company's financial condition or results
of operations; (iii) the company's growth strategy and operating
strategy; and (iv) the declaration and payment of dividends. The
words "may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend" and similar expressions and variations thereof
are intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors. Wave assumes no duty to and does not undertake to update
forward-looking statements.
All brands are the property of their respective owners.
Company: Gerard T. Feeney CFO info@wavesys.com 413-243-1600 Investor
Relations: David Collins, Eric Lentini 212-924-9800
wavx@catalyst-ir.com