MeetMe Closes Public Offering of 9,200,000 Shares of Common Stock
March 15 2017 - 04:05PM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced the closing of the public offering of
9,200,000 shares of its common stock at a public offering price of
$5.00 per share, which includes the exercise in full by the
underwriters of their option to purchase up to 1,200,000 additional
shares of common stock.
Canaccord Genuity Inc. and Roth Capital Partners acted as
joint-book-running managers and Northland Securities, Inc. served
as co-manager. The Company’s counsel for the offering was Morgan,
Lewis & Bockius LLP and the underwriters’ counsel for the
offering was Pillsbury Winthrop Shaw Pittman LLP.
MeetMe intends to use the net proceeds from the offering for
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 was made pursuant to effective shelf registration
statements previously filed with the Securities and Exchange
Commission (SEC). The offering was made by means of a prospectus
supplement and accompanying base prospectus filed with the SEC,
copies of which 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 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 Prospectus Supplement as
filed on March 10, 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/20170315006374/en/
Investor Contact:MKR Group Inc.Todd Kehrli or Jim
Byers(323) 468-2300meet@mkr-group.com
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