|[March 26, 2014]
Marchex Announces Pricing of Public Offering of 5,714,000 Shares of Class B Common Stock
SEATTLE --(Business Wire)--
Inc. (NASDAQ:MCHX), a mobile advertising technology company,
announced today the pricing of its underwritten public offering of
5,714,000 shares of Marchex's Class B common stock at a price to the
public of $10.50 per share. The Company has agreed to sell 2,857,000
shares of its Class B common stock and certain existing shareholders
have agreed to sell an additional 2,857,000 shares of its Class B common
stock. Marchex has granted the underwriters a 30-day option to purchase
up to an additional 514,100 shares of Class B common stock to cover
over-allotments, if any, and the selling shareholders, collectively,
have granted the underwriters a 30-day option to purchase up to an
additional 343,000 shares of Class B common stock, in each case at the
public offering price less the underwriting discount.
Marchex intends to use the net proceeds of the offering for general
corporate purposes, which may include acquisitions or licenses of, or
investments in, products, services, technologies or other businesses.
Marchex will not receive any of the proceeds from the sale of shares by
the selling shareholders.
Deutsche Bank Securities is acting as the lead book-running manager and
representative of the underwriters for the offering. RBC Capital Markets
and Piper Jaffray are acting as joint book-running managers. BMO Capital
Markets and Stephens Inc. are co-managers for the offering.
The shares of Class B common stock are being sold pursuant to Marchex's
existing effective shelf registration statement on file with the
Securities and Exchange Commission. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy any
securities of Marchex, nor shall there be any sale of 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. The offer will be made only by
means of a prospectus, includinga prospectus supplement and
accompanying prospectus, copies of which may be obtained, when
available, from: Deutsche Bank Securities Inc. at 60 Wall Street,
Attention: Prospectus Group, New York, NY 10005-2836, by email at prospectus.CPDG@db.com
or by phone at (800) 503-4611; RBC Capital Markets, LLC, 3 World
Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098,
Telephone: 877-822-4089; or Piper Jaffray, Attention: Equity Capital
Markets, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone
at 800-747-3924 or email at firstname.lastname@example.org.
The prospectus supplement and accompanying prospectus also will be
available on the SEC's (News - Alert) website at www.sec.gov.
This press release contains forward-looking statements that involve
substantial risks and uncertainties. All statements, other than
statements of historical facts, included in this press release regarding
our strategy, future operations, future financial position, future
revenues, other financial guidance, acquisitions, projected costs,
prospects, plans and objectives of management are forward-looking
statements. We may not actually achieve the plans, intentions or
expectations disclosed in our forward-looking statements and you should
not place undue reliance on our forward-looking statements. Actual
results or events could differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements we make. There
are a number of important factors that could cause Marchex's actual
results to differ materially from those indicated by such
forward-looking statements which are described in the "Risk Factors"
section of our most recent periodic report and registration statement
filed with the SEC. All of the information provided in this release is
as of March 26, 2014 and Marchex undertakes no duty to update the
information provided herein.
is a mobile advertising technology company. The company provides a suite
of products and services for businesses that depend on consumer phone
calls to drive sales. Marchex's mobile advertising platform delivers new
customer phone calls to businesses, while its technology analyzes the
data in these calls to help maximize ad campaign results. Marchex
disrupts traditional advertising models by giving businesses full
transparency into their ad campaign performance and charging them based
on new customer acquisition.
Please visit www.marchex.com,
on Twitter (News - Alert) (Twitter.com/Marchex), where Marchex discloses material
information from time to time about the company, its financial
information, and its business.
[ Back To TMCnet.com's Homepage ]