[May 05, 2015] |
|
Pacific DataVision, Inc. Launches Public Offering of Common Stock
Pacific DataVision, Inc. d/b/a pdvWireless (NASDAQ:PDVW) ("pdv Wireless"
or the "Company") today announced that it intends to offer and sell up
to 1,600,000 shares of its common stock in an underwritten public
offering. The offering is subject to market conditions, and there can be
no assurance as to whether or when the offering may be completed, or as
to the actual size or terms of the offering. The Company also expects to
grant the underwriters a 30-day option to purchase up to an additional
240,000 shares of common stock to cover over-allotments, if any.
FBR Capital Markets & Co. is acting as sole book-running manager, and
William Blair & Company, L.L.C. and Canaccord Genuity Inc. are acting as
co-managers for the offering.
When available, copies of the written prospectus describing the terms of
the offering may be accessed through the Securities and Exchange
Commission's website at www.sec.gov,
or may be obtained from FBR, Attention: Syndicate Prospectus Department,
1300 North 17th Street, Suite 1400, Arlington, Virginia 22209,
Telephone: 703-312-9500, Email: [email protected].
A registration statement on Form S-1 relating to these securities has
been filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. A copy of the registration statement can be accessed through
the website of the Securities and Exchange Commission (the "SEC (News - Alert)") at www.sec.gov.
This press release does not constitute an offer to sell nor the
solicitation of an offer to buy any of these securities, nor will there
be any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale is not permitted. This offering
may only be made by means of a prospectus.
About Pacific DataVision, Inc.
Pacific DataVision d/b/a pdvWireless (NASDAQ:PDVW) is a provider of
mobile workforce communications and location based solutions that
increase the productivity of field-based workers and the efficiency of
their dispatch and call center operations. pdvWireless also expects to
launch a private push-to-talk network in major markets throughout the
United States. Its technology is designed to improve team communication
and field documentation across a wide array of industries including
transportation, distribution, construction, hospitality, waste
management and field service. pdvWireless is headquartered in Woodland
Park, New Jersey. Visit www.pdvwireless.com
for more information.
Safe Harbor Statement
Any statements contained in this press release that do not describe
historical facts are forward-looking statements (as defined under
Federal securities laws). Forward-looking statements generally are
accompanied by words such as "will", "expect", "intend", "plan",
"outlook" or other similar words, phrases or expressions. Any
forward-looking statements contained herein are based on our current
expectations, but are subject to a number of risks and uncertainties
that could cause our actual future results to differ materially from our
current expectations or implied by any forward-looking statements. These
risks and uncertainties include, but are not limited to: we have no
operating history with respect to our proposed push-to-talk business; we
have had net losses each year since our inception and may not achieve or
maintain profitability in the future; we may experience delays in
launching our nationwide network; customers may not adopt our
technology; any efforts we pursue to increase the value of our spectrum
may not be successful, including our Joint Petition for Rulemaking and
our proposed rules to realign the 900 MHz band; we will rely on the
equipment and selling efforts of other parties, such as indirect
dealers; the wireless communication industry is highly competitive and
we may not compete successfully; and government regulation could
adversely affect our business and prospects. These and other factors
that may affect our future results or operations are identified and
described in more detail in our filings with the SEC, including
amendment No. 1 to our Registration Statement on Form S-1 filed with the
SEC on May 5, 2015. You should not place undue reliance on these
forward-looking statements, which speak only as of the date that they
were made. Except as required by applicable law, we do not intend to
update any of the forward-looking statements to conform these statements
to reflect actual results, later events or circumstances or to reflect
the occurrence of unanticipated events.
[ Back To Mobile World Congress's Homepage ]
|