PALO ALTO, Calif., Jan. 12, 2017 /PRNewswire/ -- Ooma, Inc.
(NYSE: OOMA), a smart communications platform for small businesses
and consumers (the "Company"), today announced that certain of its
stockholders, consisting of entities affiliated with Worldview
Technology Partners, intend to offer shares of the Company's common
stock for sale in an underwritten secondary offering (the
"Offering"). The Company will not receive any proceeds from the
sale of the shares by the selling stockholders.
Worldview Technology Partners has engaged B. Riley & Co.,
LLC, to act as the sole underwriter for the Offering.
The Offering is made pursuant to an effective shelf registration
statement filed by the Company with the U.S. Securities and
Exchange Commission (the "SEC"). Before you invest, you
should read the preliminary prospectus supplement and final
prospectus supplement, when available, and the accompanying base
prospectus in that registration statement filed with the SEC on
December 16, 2016 and declared
effective on December 27, 2016, and
other documents the Company has filed with the SEC for more
complete information about the Company and the Offering. You
may obtain these documents for free by visiting EDGAR on the SEC's
website at www.sec.gov. Alternatively, copies of the
preliminary prospectus supplement and final prospectus supplement,
when available, and the accompanying base prospectus relating to
the Offering may be obtained from B. Riley & Co., LLC,
11100 Santa Monica Blvd., Los Angeles,
CA 90049, telephone: 310-966-1444, email:
compliance@brileyco.com.
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 or other 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 other jurisdiction.
About Ooma, Inc.
Founded in 2004, Ooma creates new communications experiences for
small businesses and consumers. Its smart platform serves as a
communications hub, which offers cloud-based telephony, internet
security, home monitoring and other connected services. Ooma
combines PureVoice HD call quality and innovative features with
mobile applications for reliable anytime, anywhere calling. The
company has been ranked the No. 1 home phone service for overall
satisfaction and value for five consecutive years by the leading
consumer research publication. Ooma is also partnering with
connected device makers to create smarter offices and homes. Ooma
is available from leading retailers including Amazon, Best Buy,
Costco and Wal Mart. For more information about Ooma, please visit
www.ooma.com or follow us on Twitter, LinkedIn or Facebook.
Ooma, Ooma Telo, Ooma Office, PureVoice and the Ooma logo are
trademarks of Ooma, Inc. All other company and product names may be
trademarks of the respective companies with which they are
associated.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements under the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical facts and generally contain words such as
"believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "estimates," "anticipates,"
and other expressions that are predictions of or indicate future
events and trends and that do not relate to historical matters.
Any such forward looking statements are not guarantees of
performance or results, and involve risks, uncertainties (some of
which are beyond the Company's control) and assumptions. Although
we believe any forward-looking statements are based on reasonable
assumptions, you should be aware that many factors could cause
actual results to differ materially from those anticipated in any
forward-looking statements. Please refer to the risk factors
discussed in our preliminary prospectus supplement for the
Offering, our Form 10-K for the year ended January 31, 2016 filed with the SEC on
April 13, 2016 and our Form 10-Q for
the quarter ended October 31, 2016
filed with the SEC on December 9,
2016 and other SEC filings, which can be found at the SEC's
website www.sec.gov. The discussion of these risks is specifically
incorporated by reference into this news release. The
forward-looking statements in this press release are based on
information available to the Company as of the date hereof, and the
Company disclaims any obligation to update any forward-looking
statements, except as required by law.
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SOURCE Ooma, Inc.