Double-Take Prices Shares
Double-Take Software announced the pricing of its public offering of shares of its common stock at $16.00 per share
August 10, 2007
SOUTHBOROUGH, Mass. -- Double-Take Software, Inc. (NASDAQ: DBTK - News) announced today the pricing of its public offering of shares of its common stock at $16.00 per share (before underwriting discounts and commissions). The offering is expected to close on August 15, 2007.
The 2,790,000 shares being sold in the offering consist of 100,000 shares being sold by the Company and 2,690,000 shares being sold by certain stockholders of the Company. Total net proceeds to the Company will be approximately $1.0 million, after deducting underwriting discounts and commissions and estimated offering expenses. The Company will not receive any of the proceeds from the sale of common stock held by the selling stockholders. The Company and a selling stockholder have granted the underwriters a 30-day option to purchase up to an additional 418,500 shares at the public offering price to cover over-allotments, if any.
Thomas Weisel Partners LLC and Cowen and Company, LLC are acting as joint book-running managers, with CIBC World Markets Corp., Needham & Company, LLC, Canaccord Adams Inc. and JMP Securities LLC acting as co-managers. A copy of the prospectus relating to these securities may be obtained, when available, from Thomas Weisel Partners at One Montgomery Street, Suite 3700, San Francisco, California 94104, or Cowen and Company at 1221 Avenue of the Americas, New York, New York 10020. The prospectus is also be available on the Securities and Exchange Commission website at http://www.sec.gov.
Double-Take Software Inc.
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