Neoware, Inc. Prices Common Stock Offering
February 16 2006 - 6:05AM
PR Newswire (US)
KING OF PRUSSIA, Pa., Feb. 16 /PRNewswire-FirstCall/ -- Neoware,
Inc. (NASDAQ:NWRE), a provider of enterprise thin client solutions
and related software and services, today announced the pricing of a
public offering of 3 million newly issued shares of its common
stock at $25.25 per share. Neoware has granted the underwriters in
the offering an option to purchase up to an additional 450,000
shares to cover overallotments, if any, which the underwriters may
exercise within 30 days of the date of the final prospectus
supplement. Net proceeds from the offering are expected to be
approximately $71.2 million, or $81.9 million if the overallotment
option is exercised in full, and are anticipated to be used for
general corporate purposes and potential acquisitions. Pending
these uses, it is anticipated that the net proceeds will be
invested in interest-bearing, investment grade instruments. The
offering is expected to close on February 22, 2006. The bookrunning
manager for the offering is Lehman Brothers Inc. Canaccord Adams,
Harris Nesbitt, Needham & Company, LLC, Oppenheimer & Co.
and Boenning & Scattergood are co-managers of the offering.
This press release does 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 jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The shares of common stock are being offered solely
by means of the prospectus supplement and accompanying prospectus.
Copies of the prospectus supplement and accompanying prospectus
relating to the offering may be obtained from Lehman Brothers Inc.,
c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long
Island Avenue, Edgewood, NY 11717, email: , fax: 631-254-7268.
About Neoware Neoware, Inc. is a provider of enterprise thin client
solutions and related software and services. Neoware's software
powers, secures and manages thin client devices and traditional
personal computers, enabling these devices to run Windows(R) and
web applications across a network, stream operating systems on
demand, and connect to mainframes, mid-range, UNIX and Linux
systems. Neoware can be reached via email at . Neoware's global
headquarters are in King of Prussia, PA, USA. NOTE: This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements regarding the completion and timing of the offering and
the use of the net proceeds therefrom. These forward-looking
statements involve risks and uncertainties. Factors that could
cause actual events to differ materially from those predicted in
such forward-looking statements include market conditions,
potential fluctuations in Neoware's stock price and management's
broad discretion over the use of the net proceeds of the offering.
Certain of these risks and others are detailed from time to time in
Neoware's periodic reports filed with the Securities and Exchange
Commission, including, but not limited to, its annual report on
Form 10-K for the year ended June 30, 2005 and its quarterly
reports on Forms 10-Q for the quarters ended September 30, 2005 and
December 31, 2005. FCMN Contact: awatters@arpartners.com
DATASOURCE: Neoware, Inc. CONTACT: Keith Schneck, CFO, of Neoware,
Inc., +1-610-277-8300, or
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