Viggle Announces Pricing of Public Offering of Common Stock
May 22 2015 - 7:45AM
Business Wire
Viggle Inc. (Nasdaq:VGGL), a mobile and web-based entertainment
marketing platform for media companies, brands and consumers,
announced today the pricing of its previously announced
underwritten public offering of 3,626,179 shares of its common
stock at a public offering price of $2.50 per share, resulting
in gross proceeds of approximately $9,065,447.
The offering is expected to close on May 28, 2015, subject to
the satisfaction of customary closing conditions. The company has
also granted the underwriters a 45-day option to purchase up to
543,927 additional shares of common stock to cover over-allotments,
if any.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE MKT:LTS) is acting as sole
book-running manager for the proposed offering.
The securities described above are being offered by the company
pursuant to a "shelf" registration statement on Form S-3 (File No.
333-201952) previously filed with and declared effective by the
Securities and Exchange Commission (SEC) on May 18, 2015. A
final prospectus supplement and an accompanying prospectus relating
to the offering will be filed with the SEC. Electronic Copies
of the final prospectus supplement and the accompanying prospectus
relating to the offering may be obtained, when available, from
Ladenburg Thalmann & Co. Inc., 570 Lexington Avenue, 11th
Floor, New York, New York 10022, or by
e-mailing prospectus@ladenburg.com,or by accessing 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 any securities described herein,
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.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. All
information provided in this press release is as of the date of
this release. Except as required by law, Viggle Inc. undertakes 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.
About Viggle
Viggle is an entertainment marketing and rewards platform whose
app rewards its members for watching TV shows and discovering new
music. The Viggle Platform had an average monthly total reach of
25.7 million for the three months ended March 31, 2015, including
nearly 9.0 million Viggle registered users. Since its launch,
Viggle members have redeemed over $24 million in rewards for
watching their favorite TV programs and listening to music. Members
can use Viggle’s store, accessible through the Viggle app or on
Viggle.com, to redeem their Viggle Points for TV show, movie, and
music downloads. In addition, Viggle operates Wetpaint, which
offers entertainment and celebrity news online; NextGuide, maker of
technology that helps consumers search for, find, and set reminders
for TV shows and movies; and Choose Digital, a digital marketplace
platform that allows companies to incorporate digital content into
existing rewards and loyalty programs in support of marketing and
sales initiatives. For more information, visit www.viggle.com or
follow us on Twitter @Viggle.
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version on businesswire.com: http://www.businesswire.com/news/home/20150522005130/en/
For Viggle:Investors:John C. Small,
1-646-738-3220CFOjohn@viggle.comorMedia Relations:Dian Griesel
InternationalLaura Radocaj, 212-825-3210lradocaj@dgicomm.com