NEW HOPE, Pa.–(BUSINESS WIRE)–MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced its intention to offer shares of its common
stock in an underwritten public offering. MeetMe expects to grant the
underwriters a 30-day option to purchase up to an additional 15% of the
shares of common stock offered in the public offering to cover
overallotments, if any. 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.
Canaccord Genuity Inc. and Roth Capital Partners are acting as
joint-book-running managers and Northland Securities, Inc. is serving as
MeetMe intends to use the net proceeds from the offering for working
capital and other general corporate purposes, including potentially to
fund a portion of the consideration for the pending if(we) acquisition,
and other potential future acquisitions.
The offering is being made pursuant to an effective shelf registration
statement (333-190535) previously filed with the Securities and Exchange
Commission (SEC). A preliminary prospectus supplement and accompanying
base prospectus describing the terms of the offering will be filed with
the SEC. Before investing in MeetMe, you should read the prospectus
supplement and the accompanying prospectus, and other documents that
MeetMe has filed or will file with the SEC, for information about MeetMe
and this offering.
When available, copies of the prospectus supplement and accompanying
prospectus relating to the offering may be obtained by
contacting Canaccord Genuity, Attention: Syndicate Department, 99 High
Street, 12th Floor, Boston, Massachusetts 02110, by telephone at (617)
371-3900, or by email at firstname.lastname@example.org;
or from Roth Capital Partners, LLC, 888 San Clemente, Newport Beach,
California 92660, Attn: Equity Capital Markets, via telephone at (800)
678-9147 or via email at email@example.com.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any of the securities, nor shall there
be any sale of these securities, in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
About MeetMe, Inc.
Through its portfolio of brands, MeetMe (NASDAQ: MEET) is meeting the
universal need for human connection. Using innovative products and
sophisticated data science, MeetMe keeps its approximately two million
daily active users engaged and originates untold numbers of casual
chats, friendships, dates, and marriages. MeetMe offers advertisers the
opportunity to reach customers on a global scale with hundreds of
millions of daily mobile ad impressions. MeetMe utilizes high user
density, economies of scale, and leading monetization strategies to
maximize EBITDA. MeetMe’s apps are available on iPhone, iPad, and
Android in multiple languages worldwide. For more information, please
Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995 including whether the offering will close as anticipated, the
actual size and terms of the offering and the proposed use of proceeds.
All statements other than statements of historical facts contained
herein, including statements regarding the continued growth in our core
platform, are forward-looking statements. The words “believe,” “may,”
“estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “is likely,” “expect” and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Further information on our risk factors is contained in
our filings with the SEC, including the Form 10-K for the year ended
December 31, 2016 and the Preliminary Prospectus Supplement as filed on
March 9, 2017. Any forward-looking statement made by us herein speaks
only as of the date on which it is made. Factors or events that could
cause our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement, whether as
a result of new information, future developments or otherwise, except as
may be required by law.
MKR Group, Inc.