SEATTLE--(BUSINESS WIRE)--Apr. 7, 2014--
Marchex,
Inc. (NASDAQ:MCHX) today announced the sale of additional shares of
Class B common stock pursuant to the underwriters’ exercise in full of
their option to purchase additional shares related to the Company’s
previously announced registered public offering of 5,714,000 shares that
closed on April 1, 2014. In exercising this option, the underwriters
purchased an additional 514,100 shares of common stock from the Company
and an additional 343,000 shares of common stock from the selling
stockholders, collectively, all at the public offering price less
underwriting discounts and commissions.
Marchex received approximately $32.3 million in net proceeds from the
offering, after deducting underwriting discounts and commissions and
estimated expenses of the offering, including approximately $5.1 million
from the exercise of the underwriters’ option. Marchex expects to use
the net proceeds from the offering for general corporate purposes, which
may include acquisitions or licenses of, or investments in, products,
services, technologies or other businesses. Marchex did not receive any
proceeds from the sale of shares by the selling stockholders.
Deutsche Bank Securities acted as the lead book-running manager and
representative of the underwriters for the offering. RBC Capital Markets
and Piper Jaffray acted as joint book-running managers. BMO Capital
Markets and Stephens Inc. were co-managers for the offering.
The shares of Class B common stock were sold pursuant to Marchex’s
existing effective shelf registration statement on file with the
Securities and Exchange Commission. This press 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 offering was made only by
means of a prospectus, including a prospectus supplement and
accompanying prospectus, copies of which may be obtained 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 prospectus@pjc.com.
The final prospectus may also be obtained on the SEC’s website at www.sec.gov.
Forward-Looking Statements
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 April 7, 2014 and Marchex undertakes no duty to update the
information provided herein.
About Marchex
Marchex
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,
blog.marchex.com
or @marchex
on Twitter (Twitter.com/Marchex), where Marchex discloses material
information from time to time about the company, its financial
information, and its business.
Source: Marchex, Inc.
Marchex Investor Relations
Trevor Caldwell, 206-331-3600
Email:
ir(at)marchex.com
Or
MEDIA INQUIRIES:
Marchex
Corporate Communications
Sonia Krishnan, 206-331-3434
Email:
skrishnan(at)marchex.com
