Appian Announces Pricing of Public Offering of Class A Common Stock
September 04 2019 - 8:37PM
Appian Corporation (Nasdaq: APPN) today announced the pricing
of an underwritten public offering of 2,329,000 shares of its Class
A common stock, of which 1,825,000 shares of Class A common stock
are being offered by Appian and 504,000 shares of Class A common
stock are being offered by existing stockholders of Appian, at
market prices prevailing at the time of sale, at prices related to
prevailing market prices or at negotiated prices. Appian will
not receive any of the proceeds from the sale of shares of Class A
common stock by the selling stockholders. The offering is
expected to close on or about September 9, 2019, subject to
satisfaction of customary closing conditions. Appian intends to use
the net proceeds from this offering for working capital and other
general corporate purposes.
Barclays is acting as sole underwriter in the offering.
The offering is being made pursuant to a shelf registration
statement, including a base prospectus, filed by Appian with
the Securities and Exchange Commission (SEC), which was
effective upon filing. The offering may be made only by means of a
written prospectus and prospectus supplement that form a part of
the registration statement. A final prospectus supplement and
accompanying prospectus relating to the offering will be filed with
the SEC and will be available on the SEC’s website at www.sec.gov.
Copies of the final prospectus supplement and the accompanying
prospectus may also be obtained, when available, from Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, telephone: (888) 603-5847 or by
emailing Barclaysprospectus@broadridge.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there by any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such
jurisdiction.
About Appian
Appian (Nasdaq: APPN) provides a low-code development platform
that accelerates the creation of high-impact business applications.
Many of the world’s largest organizations use Appian applications
to improve customer experience, achieve operational excellence, and
simplify global risk management and compliance.
Cautionary Note on Forward-Looking
Statements
This press release includes certain disclosures which contain
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, including, without
limitation, statements regarding Appian’s expectations regarding
the anticipated closing of the public offering and the use of
proceeds from the offering. The words “anticipate,” “expect,”
“intend,” “may,” “will” and similar expressions are intended to
identify forward-looking statements. Forward-looking statements are
based on Appian’s current expectations and assumptions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks, and changes in circumstances that
may differ materially from those contemplated by the
forward-looking statements, which are neither statements of
historical fact nor guarantees or assurances of future performance.
Important factors that could cause actual results to differ
materially from those in the forward-looking statements include
risks related to the satisfaction of closing conditions and other
factors that are set forth in Appian’s filings with the SEC,
including Appian’s Annual Report on Form 10-K for the year ended
December 31, 2018 and other filings Appian makes with the SEC from
time to time, under the caption “Risk Factors.” The forward-looking
statements speak only as of the date made and, other than as
required by law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
Investor Contact Will Maina ICR for Appian
703-442-1091 investors@appian.com
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