RESTON, Va., April 28 /PRNewswire-FirstCall/ -- comScore, Inc. (Nasdaq: SCOR) today announced that it has filed a universal shelf registration statement with the U.S. Securities and Exchange Commission, or SEC. When the shelf registration statement is declared effective by the SEC, comScore will have the option to offer and sell, from time to time in one or more offerings, up to $100 million of common stock, preferred stock, debt securities, warrants to purchase any of these securities, depository shares, units or any combination of such securities. In addition, when the shelf registration statement is declared effective by the SEC, certain selling stockholders identified by the registration statement will have the option to offer and sell, from time to time in one or more offerings, up to 4,500,000 shares of common stock. Specific terms and share prices of any future offering under this registration statement will be established at the time of any such offering, and will be described in a prospectus supplement that comScore will file with the SEC. comScore has no immediate plans to raise capital under the universal shelf registration statement.
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comScore intends to use the net proceeds from any sale of securities sold directly by the company under the shelf registration statement for general corporate purposes, which may include working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses. comScore will not receive any proceeds from the sale of shares of its common stock by the selling stockholders.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A copy of the final prospectus and prospectus supplement relating to any offering under the registration statement will be filed with the SEC and can be obtained, when available, by contacting: comScore, Inc., Attention: Investor Services, 11950 Democracy Drive, Suite 600, Reston, Virginia 20190.
About comScore
comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/companyinfo.
Cautionary Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, comScore's expectations regarding the SEC's approval of the effectiveness of the registration statement; comScore's expected use of proceeds from the sale of securities under the registration statement; and comScore's ability to raise capital through the sale of securities under the registration statement. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: the limitations on comScore's ability to cause the shelf registration declared effective the SEC; changes in operations, financial results and economic conditions that limit comScore's ability to raise additional capital; and unexpected changes in comScore's operations that impact its use of proceeds from the sale of securities under the registration statement.
For a detailed discussion of these and other risk factors, please refer to comScore's Annual Report on Form 10-K for the period ended December 31, 2009 and from time to time other filings with the SEC, which are available on the SEC's Web site (http://www.sec.gov).
Stockholders of comScore are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. comScore does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.
SOURCE comScore, Inc.
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