MeetMe Announces Proposed Public Offering of Common Stock
March 09 2017 - 4:05PM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), a 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.
Canaccord Genuity Inc. and Roth Capital Partners are acting as
joint-book-running managers and Northland Securities, Inc. is
serving as co-manager.
MeetMe intends to use the net proceeds from the offering for
working capital and other general corporate purposes, including
potentially to fund a portion of the consideration for the pending
if(we) acquisition, and other potential future acquisitions.
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 prospectus supplement and
accompanying prospectus relating to the offering may be obtained by
contacting Canaccord Genuity, Attention: Syndicate Department,
99 High Street, 12th Floor, Boston, Massachusetts 02110, by
telephone at (617) 371-3900, or by email at
prospectus@canaccordgenuity.com; or from Roth Capital Partners,
LLC, 888 San Clemente, Newport Beach, California 92660, Attn:
Equity Capital Markets, via telephone at (800) 678-9147 or via
email at rothecm@roth.com.
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.
Through its portfolio of brands, MeetMe (NASDAQ: MEET) is
meeting the universal need for human connection. Using innovative
products and sophisticated data science, MeetMe keeps its
approximately two million daily active users engaged and originates
untold numbers of casual chats, friendships, dates, and marriages.
MeetMe offers advertisers the opportunity to reach customers on a
global scale with hundreds of millions of daily mobile ad
impressions. MeetMe utilizes high user density, economies of scale,
and leading monetization strategies to maximize EBITDA. MeetMe’s
apps are available on iPhone, iPad, and Android in multiple
languages worldwide. 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 whether the offering will close as
anticipated, 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, 2016 and the Preliminary Prospectus Supplement as
filed on March 9, 2017. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170309006341/en/
Investor Contact:MKR Group, Inc.Todd
Kehrlimeet@mkr-group.com
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