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     436  0 Kommentare Ikanos Communications Announces Filing of Registration Statement for Rights Offering to Stockholders

    FREMONT, CA--(Marketwired - Oct 20, 2014) - Ikanos Communications, Inc. (NASDAQ: IKAN), a provider of broadband semiconductor and software products for the connected home, today announced that it has filed with the Securities and Exchange Commission (the SEC) a Registration Statement on Form S-1 for a rights offering (the Rights Offering). In the Rights Offering, stockholders of record at 5:00 p.m. Eastern Time on September 26, 2014 (the Record Date), will receive one non-transferrable subscription right for each whole share of common stock owned on the Record Date. Each subscription right will entitle the holder to purchase 1.459707 shares of the company's common stock (the Basic Subscription Right), at a subscription price of $0.41 per share (the Subscription Price). The Subscription Price is the same price at which the company sold shares in the Private Placement described below. 

    As previously announced, on September 29, 2014, a group of investors affiliated with Tallwood Venture Capital (the Tallwood Group), our largest investor, and Alcatel-Lucent Participations purchased from us in a private placement an aggregate of 39,634,144 shares of common stock at a per-share purchase price equal to the Subscription Price, resulting in gross proceeds to us of approximately $16.25 million (the Private Placement). 

    If a stockholder of record on the Record Date exercises its Basic Subscription Rights in full, and other stockholders do not fully exercise their Basic Subscription Rights, those stockholders will be entitled to an over-subscription privilege to purchase a portion of the unsubscribed shares at the Subscription Price, subject to proration (the Over-Subscription Privilege). The Rights Offering has been structured so that each stockholder on the Record Date will, subject to the Over-Subscription Privilege and if it exercises its Basic Subscription Rights in full, maintain its relative percentage ownership of our company as compared to the pre-Private Placement ownership of the Tallwood Group.

    For purposes of eligibility for the Over-Subscription Privilege, the shares purchased by the Tallwood Group in the Private Placement will be credited to the Tallwood Group. In addition, the Tallwood Group has indicated that it intends to purchase $11.25 million, or 27,439,023 shares, of our common stock pursuant to exercise of its Basic Subscription Rights and in fulfillment of its obligations under a standby purchase agreement with the company. If it does so, the Tallwood Group will therefore be eligible for the Over-Subscription Privilege.

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    Ikanos Communications Announces Filing of Registration Statement for Rights Offering to Stockholders FREMONT, CA--(Marketwired - Oct 20, 2014) - Ikanos Communications, Inc. (NASDAQ: IKAN), a provider of broadband semiconductor and software products for the connected home, today announced that it has filed with the Securities and Exchange Commission …