MeetMe Announces Proposed Public Offering of Common Stock
July 22 2014 - 5:36PM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced its intention to offer shares of its
common stock in an underwritten public offering. MeetMe expects to
grant the underwriters a 30-day option to purchase up to an
additional 15% of the shares of common stock offered in the public
offering to cover overallotments, if any. The offering is subject
to market 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.
JMP Securities is acting as the sole book-running manager and
Janney Montgomery Scott LLC and Northland Capital Markets are
serving as co-managers.
MeetMe expects to use the net proceeds from the offering for
working capital and other general corporate purposes.
The offering is being made pursuant to an effective shelf
registration statement (333-190535) previously filed with
the Securities and Exchange Commission (SEC). A
preliminary prospectus supplement and accompanying base prospectus
describing the terms of the offering will be filed with
the SEC. Before investing in MeetMe, you should read the
prospectus supplement and the accompanying prospectus, and other
documents that MeetMe has filed or will file with the SEC, for
information about MeetMe and this offering.
When available, copies of the preliminary prospectus supplement
and accompanying prospectus relating to the offering may be
obtained by contacting JMP Securities LLC, 600 Montgomery
Street, 10th Floor, San Francisco, California 94111, Attention:
Prospectus Department, (415) 835-8985.
The preliminary prospectus supplement and accompanying
prospectus also will be available on the SEC's website
at www.sec.gov.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any of the securities, 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 MeetMe, Inc.
MeetMe® is the leading social network for meeting new people in
the US and the public market leader for social discovery (MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With
approximately 75 percent of traffic coming from mobile, MeetMe is
fast becoming the social gathering place for the mobile generation.
The company operates MeetMe.com and MeetMe apps on
iPhone, iPad, and Android in multiple languages including English,
Spanish, Portuguese, French, Italian, German, Chinese (Traditional
and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For
more information, please visit meetmecorp.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 including statements regarding whether the
offering will close as anticipated, and the actual size and terms
of the offering, and the proposed use of proceeds. All statements
other than statements of historical facts contained herein,
including statements regarding the continued growth in our core
platform, are forward-looking statements. The words “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,”
“plan,” “could,” “target,” “potential,” “is likely,” “expect” and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy
and financial needs. Further information on our risk factors is
contained in our filings with the SEC, including the Form 10-K for
the year ended December 31, 2013 and the Preliminary Prospectus
Supplement (Rule 424(b)(2)) as filed on July 22, 2014. Any
forward-looking statement made by us herein speaks only as of the
date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is
not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future developments or
otherwise, except as may be required by law.
Investor Contact:MKR Group Inc.Todd Kehrli(323)
468-2300meet@mkr-group.com
Meet (NASDAQ:MEET)
Historical Stock Chart
From Mar 2024 to Apr 2024
Meet (NASDAQ:MEET)
Historical Stock Chart
From Apr 2023 to Apr 2024