SEATTLE--(BUSINESS WIRE)--Mar. 19, 2014--
Inc. (NASDAQ:MCHX), a mobile advertising technology company,
announced today that it will commence an underwritten public offering,
subject to market and other conditions, of 5,714,000 shares of Marchex's
Class B common stock pursuant to an effective shelf registration
statement. The Company will be offering 2,857,000 shares of its Class B
common stock and an additional 2,857,000 shares of its Class B common
stock will be offered by certain existing shareholders identified in the
prospectus supplement relating to the offering. Marchex intends to grant
to 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, intend to grant the
underwriters a 30-day option to purchase up to an additional 343,000
shares of Class B common stock, if any, 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.
The offering will be conducted pursuant to a shelf registration
statement on Form S-3 previously filed with and declared effective by
the Securities and Exchange Commission (“SEC”). Marchex has filed with
the SEC a preliminary prospectus supplement with respect to the offering.
Deutsche Bank Securities will be the lead book-running manager and
representative of the underwriters for the offering. RBC Capital Markets
and Piper Jaffray will be joint book-running managers. BMO Capital
Markets and Stephens Inc. are co-managers for the offering.
This news 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, including a prospectus supplement, forming part of the
effective shelf registration statement. Copies of the preliminary
prospectus supplement and accompanying base prospectus 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 email@example.com.
The preliminary prospectus supplement and accompanying prospectus also
will be available on the SEC’s website at www.sec.gov.
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 (Twitter.com/Marchex), where Marchex discloses material
information from time to time about the company, its financial
information, and its business.
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 19, 2014 and Marchex undertakes no duty to update the
information provided herein.
Source: Marchex, Inc.
Marchex Investor Relations
Trevor Caldwell, 206-331-3600
Sonia Krishnan, 206-331-3434