Nuance Communications, Inc. (NUAN) announced today that it has priced a public offering of 5,575,000 shares of its common stock at a price to the public of $18.15 per share. The offering was made through Thomas Weisel Partners LLC as sole underwriter. Nuance has also granted the underwriter a 30-day option to purchase up to 836,250 additional shares of common stock. The Company expects to close this offering on June 10, 2008, subject to customary closing conditions.
Nuance estimates that the gross proceeds from this offering will be approximately $100 million (or approximately $115 million if the underwriter’s option to purchase additional shares is exercised in full). Nuance intends to use the net proceeds from this offering for general corporate purposes, including working capital and to fund possible investments in and acquisitions of complementary businesses, partnerships, minority investments, products or technologies.
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 by 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 law of any such state. An automatic shelf registration statement relating to the common stock was previously filed with the US Securities and Exchange Commission and became effective upon such filing. The offering of these shares is being made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to: Syndicate Department, 415-364-2720. An electronic copy of the prospectus supplement will also be available on the website of the US Securities and Exchange Commission at www.sec.gov.
About Nuance Communications, Inc.
Nuance is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance’s proven applications and professional services.
The statements in this press release, relating to future plans or future events or services, are forward-looking statements which are subject to specific risks and uncertainties. These could involve particular market trends, competition factors and other risks described in the documents submitted to the US Securities and Exchange Commission. The actual results, events and services may vary significantly from the forecasts. The reader is warned not to rely on these forward-looking statements without reservation, since these are simply reflections of the current situation.
|
| Mon, Nov 23, 2009 | ||
|
|
Nuance Announces Fiscal Fourth Quarter and Fiscal Year 2009 Results - Business Wire | |
| Fri, Nov 20, 2009 | ||
|
|
Nuance Vocalizer for Automotive Now Shipping in More Mio Devices Worldwide - Business Wire | |
| Fri, Nov 06, 2009 | ||
|
|
Nuance’s Innovative T9 Nav Now Available on the Nokia Ovi Store - Business Wire | |
| Thu, Oct 22, 2009 | ||
|
|
Nuance to Release Q4 and Fiscal Year 2009 Results on November 23, 2009 - Business Wire | |
| Tue, Oct 20, 2009 | ||
|
|
Aria Solutions Inc. Appoints Brian Galvin as CEO - Business Wire | |
| More Press Releases | ||

