LOD, Israel ,
June 4, 2020 /PRNewswire/
-- AudioCodes (NASDAQ: AUDC) today announced the
pricing of an underwritten public offering of 2,600,000 ordinary
shares pursuant to a registration statement on Form F-3 filed with
the Securities and Exchange Commission ("SEC"), at a price to the
public of $35.00 per share.
AudioCodes has granted the underwriters a 30-day option to purchase
up to an additional 390,000 ordinary shares. The offering is
expected to close on June 9, 2020,
subject to customary closing conditions.
AudioCodes intends to use the proceeds from the offering for
general corporate purposes, including, among other things, working
capital requirements and possible future acquisitions. AudioCodes
has no agreements or understandings with respect to any acquisition
or investment at this time.
BofA Securities and Citigroup are acting as lead bookrunners and
representatives of the underwriters for this offering. Barclays
Capital Inc. and Jefferies LLC are also acting as bookrunners and
Needham & Company, LLC is acting as co-manager in the
offering.
AudioCodes has filed a preliminary prospectus supplement to its
shelf registration statement on Form F-3 with the SEC for the
offering of its ordinary shares. A final prospectus supplement and
accompanying prospectus relating to the offering will be filed with
the SEC. The offering will be made only by means of a
prospectus supplement and the accompanying prospectus. When
available, a copy of the final prospectus supplement relating to
the offering and accompanying prospectus may be obtained from:
- BofA Securities, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001,
Attn: Prospectus Department or via email
dg.prospectus_requests@bofa.com; and
- Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717,
via telephone: 1-800-831-9146 or via email
prospectus@citi.com.
The offering of these securities is being made under an
effective shelf registration statement on file with the SEC. The
registration statement can be accessed through 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 nor may there be any
sale of these securities in any state or 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 jurisdiction.
About AudioCodes
AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a leading vendor of
advanced communications software and productivity solutions for the
digital workplace. AudioCodes enables enterprises and service
providers to build and operate all-IP voice networks for unified
communications, contact centers, and hosted business
services. AudioCodes offers a broad range of innovative
products, solutions and services that are used by large
multi-national enterprises and leading tier-1 operators around the
world.
Statements concerning AudioCodes' business outlook or future
economic performance; product introductions and plans and
objectives related thereto; and statements concerning assumptions
made or expectations as to any future events, conditions,
performance or other matters, are "forward-looking statements'' as
that term is defined under U.S. Federal securities laws. All
statements contained in this release that do not relate to matters
of historical fact should be considered forward-looking statements,
including, without limitation, statements that include the words
"expect," "intend," "plan," "believe," "project," "forecast,"
"estimate," "may," "should," "anticipate" and similar statements of
a future or forward-looking nature. These forward-looking
statements are based on management's current expectations. These
statements are neither promises nor guarantees, but involve and are
subject to various risks, uncertainties and other factors that
could cause actual results to differ materially from those stated
in such statements. These risks, uncertainties and factors include,
but are not limited to: the effect of global economic conditions in
general and conditions in AudioCodes' industry and target markets
in particular; shifts in supply and demand; market acceptance of
new products and the demand for existing products; the impact of
competitive products and pricing on AudioCodes' and its customers'
products and markets; timely product and technology development,
upgrades and the ability to manage changes in market conditions as
needed; possible need for additional financing; the ability to
satisfy covenants in the Company's loan agreements; possible
disruptions from acquisitions; the ability of AudioCodes to
successfully integrate the products and operations of acquired
companies into AudioCodes' business; possible adverse impact of the
COVID-19 pandemic on our business and results of operations; and
other factors detailed in AudioCodes' filings with the Securities
and Exchange Commission as such factors may be updated from time to
time in our other filings with the SEC, including the registration
statement relating to the offering, which are accessible on the
SEC's website at www.sec.gov. In light of these risks,
uncertainties and assumptions, the forward-looking events and
circumstances discussed in this release are inherently uncertain
and may not occur, and actual results could differ materially and
adversely from those anticipated or implied in the forward-looking
statements. Accordingly, you should not rely upon forward-looking
statements as predictions of future events. In addition, the
forward-looking statements made in this release relate only to
events or information as of the date on which the statements are
made in this release. Except as required by law, we undertake 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.
Company
Contact
|
|
IR Agency
Contact
|
Shirley Nakar -
Orgad
Director, Investor
Relations
AudioCodes
Tel:
+972-3-976-4000
shirley@audiocodes.com
|
|
Brett Maas
Managing
Partner
Hayden IR
Tel:
+1-646-536-7331
Brett@haydenir.com
|
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SOURCE Audiocodes Ltd