MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced its intention to offer shares of its common
stock in an underwritten public offering. MeetMe expects to grant the
underwriters a 30-day option to purchase up to an additional 15% of the
shares of common stock offered in the public offering to cover
overallotments, if any. The offering is subject to market conditions and
there can be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering.
JMP Securities is acting as the sole book-running manager and Janney
Montgomery Scott LLC and Northland Capital Markets are serving as
MeetMe expects to use the net proceeds from the offering for working
capital and other general corporate purposes.
The offering is being made pursuant to an effective shelf registration
statement (333-190535) previously filed with the Securities and Exchange
Commission (SEC). A preliminary prospectus supplement and accompanying
base prospectus describing the terms of the offering will be filed with
the SEC. Before investing in MeetMe, you should read the prospectus
supplement and the accompanying prospectus, and other documents that
MeetMe has filed or will file with the SEC, for information about MeetMe
and this offering.
When available, copies of the preliminary prospectus supplement and
accompanying prospectus relating to the offering may be obtained by
contacting JMP Securities LLC, 600 Montgomery Street, 10th Floor, San
Francisco, California 94111, Attention: Prospectus Department, (415)
The preliminary prospectus supplement and accompanying prospectus also
will be available on the SEC's website at www.sec.gov.
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
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 MeetMe, Inc.
MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With approximately
75 percent of traffic coming from mobile, MeetMe is fast becoming the
social gathering place for the mobile generation. The company operates MeetMe.com and
MeetMe apps on iPhone, iPad, and Android in multiple languages including
English, Spanish, Portuguese, French, Italian, German, Chinese
(Traditional and Simplified), Russian, Japanese, Dutch, Turkish and
Korean. For more information, please visit meetmecorp.com.
Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995 including statements regarding whether the offering will close as
anticipated, and the actual size and terms of the offering, and the
proposed use of proceeds. All statements other than statements of
historical facts contained herein, including statements regarding the
continued growth in our core platform, are forward-looking statements.
The words "believe," "may," "estimate," "continue," "anticipate,"
"intend," "should," "plan," "could," "target," "potential," "is likely,"
"expect" and similar expressions, as they relate to us, are intended to
identify forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Further information on our risk factors is contained in
our filings with the SEC, including the Form 10-K for the year ended
December 31, 2013 and the Preliminary Prospectus Supplement (Rule
424(b)(2)) as filed on July 22, 2014. Any forward-looking statement made
by us herein speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge from
time to time, and it is not possible for us to predict all of them. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments
or otherwise, except as may be required by law.
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