Wave to Complete $1.2 Million Stock Offering

Wave to Complete $1.2 Million Stock Offering 
LEE, MA -- (Marketwired) -- 12/19/13 --  Wave Systems Corp. (NASDAQ:
WAVX) today announced that it is selling to investors 1,253,351
shares of its Class A common stock at a price of $0.9725 per share,
yielding gross proceeds of approximately $1,218,885. Investors in the
offering will also receive five-year warrants to purchase an
aggregate of 626,674 shares of Wave's Class A common stock for $0.91
per share. The net proceeds of the financing will be used to fund
Wave's ongoing operations. 
Security Research Associates acted as placement agent in connection
with the offering. The shares and shares underlying the warrants in
this offering are being issued under a shelf registration statement
declared effective by the Securities and Exchange Commission on
September 12, 2013. A prospectus supplement related to the public
offering will be filed with the Securities and Exchange Commission. 
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy 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 Security Research Associates
 Security Research Associates
(SRA) was founded in San Francisco in 1980 and today offers both
investment banking and institutional brokerage services. A boutique
firm by design, SRA works with a select group of portfolio managers
from around the country and focuses on technology and life science
companies in the micro and small cap arenas. For more information,
visit www.sracap.com.  
About Wave Systems 
 Wave Systems Corp. (NASDAQ: WAVX) 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 foremost expert on this growing
trend, leading 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. 
All brands are the property of their respective owners. 
Company: 
Gerard T. Feeney
CFO
info@wavesys.com
413-243-1600 
Investor Relations:
David Collins, Eric Lentini
212-924-9800
wavx@catalyst-ir.com 
 
 
Press spacebar to pause and continue. Press esc to stop.