Viggle Announces Pricing of $4.2 Million Underwritten Sale of Common Stock to a Single Institutional Investor
June 29 2015 - 05:31PM
Business Wire
Viggle Inc. (Nasdaq:VGGL) today announced it has priced an
underwritten sale of 2,048,780 shares of its common stock
at $2.05 per share, the closing price on June 26, 2015.
Gross proceeds from the sale are expected to be
approximately $4.2 million. Viggle intends to use the proceeds
from the offering to fund general corporate purposes. The offering
is expected to close on or about June 30, 2015, subject to
customary closing conditions.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE MKT: LTS), acted as the sole
bookrunner in connection with the offering. H.C. Wainwright
& Co. Inc. and Chardan Capital Markets, LLC, are acting as
co-managers for the offering.
The securities described above are being offered by the company
pursuant to a "shelf" registration statement on Form S-3 (File No.
333-201952) previously filed with and declared effective by the
Securities and Exchange Commission (SEC) on May 18, 2015. A
prospectus supplement related to the offering will be filed with
the SEC. Once filed with the SEC, copies of the
prospectus supplement and the accompanying base prospectus relating
to this offering may be obtained from Ladenburg Thalmann & Co.
Inc., 570 Lexington Avenue, 11th Floor, New York, New York 10022,
or by e-mailing prospectus@ladenburg.com, or by accessing 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 described
herein, nor shall there be any sale of these securities in any
state or 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 jurisdiction.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. All
information provided in this press release is as of the date of
this release. Except as required by law, Viggle Inc. undertakes no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events.
About Viggle
Viggle is an entertainment marketing and rewards platform whose
app rewards its members for watching TV shows and discovering new
music. The Viggle Platform had an average monthly total reach of
25.7 million for the three months ended March 31, 2015, including
nearly 9.0 million Viggle registered users. Since its launch,
Viggle members have redeemed over $24 million in rewards for
watching their favorite TV programs and listening to music. Members
can use Viggle’s store, accessible through the Viggle app or on
Viggle.com, to redeem their Viggle Points for TV show, movie, and
music downloads. In addition, Viggle operates Wetpaint, which
offers entertainment and celebrity news online; NextGuide, maker of
technology that helps consumers search for, find, and set reminders
for TV shows and movies; and Choose Digital, a digital marketplace
platform that allows companies to incorporate digital content into
existing rewards and loyalty programs in support of marketing and
sales initiatives. For more information, visit www.viggle.com or
follow us on Twitter @Viggle.
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version on businesswire.com: http://www.businesswire.com/news/home/20150629006311/en/
For Viggle:Investors:John C. Small,
1-646-738-3220CFOjohn@viggle.comorMedia Relations:Dian Griesel
InternationalLaura Radocaj, 212-825-3210lradocaj@dgicomm.com