Wave Systems Files $20 Million Shelf Registration Statement to Replace Existing
Shelf Registration Statement
LEE, MA -- (Marketwired) -- 08/09/13 -- Wave Systems Corp. (NASDAQ:
WAVX) (www.wave.com) announced today that it has filed a $20 million
shelf registration statement on Form S-3 with the Securities and
Exchange Commission (SEC). The filing replaces an existing $30
million shelf registration statement that became effective July 22,
2011. The filing would facilitate Wave's ability to raise capital
over the next three years. Wave has no current plans for the sale of
the securities registered under this shelf registration statement.
The terms of any offering by Wave under the registration statement
would be established at the time of the offering and would be
described in a prospectus supplement.
Once declared effective by the SEC, the shelf registration statement
would permit Wave to sell, from time to time over three years, up to
$20 million in aggregate value of its Class A common stock, preferred
stock, warrants to purchase its Class A common stock or preferred
stock, or a combination thereof.
The registration statement has been filed with the SEC, but has not
yet become effective. Any offers, solicitations of offers to buy, or
sales of these securities will only be made once the shelf
registration statement has been declared effective by the SEC,
including any prospectuses and prospectus supplements. These
securities may not be sold, nor may offers to buy be accepted prior
to the time that the registration statement becomes effective. This
press release is not an offer to sell the securities covered by the
shelf registration statement and it is not soliciting an offer to buy
those securities in any state where the offer or sale is not
permitted. The registration statement on Form S-3 may be accessed
through the SEC's website at http://edgar.sec.gov.
About Wave Systems
Wave Systems Corp. reduces the complexity, cost
and uncertainty of data protection by starting inside the device.
Unlike other vendors who try to secure information by adding layers
of software for security, Wave leverages the security capabilities
built directly into endpoint computing platforms themselves. Wave has
been a leading expert in this growing trend, leadi
ng the way with
first-to-market solutions and helping shape standards through its
work as a board member for the Trusted Computing Group.
Safe Harbor for Forward-Looking Statements
This press release may
contain forward-looking information within the meaning of the Private
Securities Litigation Reform Act of 1995 and Section 21E of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
including all statements that are not statements of historical fact
regarding the intent, belief or current expectations of the company,
its directors or its officers with respect to, among other things:
(i) the company's financing plans; (ii) trends affecting the
company's financial condition or results of operations; (iii) the
company's growth strategy and operating strategy; and (iv) the
declaration and payment of dividends. The words "may," "would,"
"will," "expect," "estimate," "anticipate," "believe," "intend" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements as
a result of various factors. Wave assumes no duty to and does not
undertake to update forward-looking statements.
Wave Systems Corp.
Gerard T. Feeney
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