Limelight Networks(R) Announces Proposed Public Offering of Common Stock
24 Febbraio 2011 - 10:02PM
Limelight Networks, Inc. (Nasdaq:LLNW) today announced that it and
certain of its stockholders intend to offer and sell shares of its
common stock in an underwritten public offering. 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.
Jefferies & Company, Inc. and Piper Jaffray & Co. are
acting as joint book-running managers for the offering.
A shelf registration statement relating to the shares was
previously filed with the Securities and Exchange Commission (the
"SEC") and declared effective on November 26, 2010. A preliminary
prospectus supplement related to the offering will be filed with
the SEC and will be available on the SEC's website located at
http://www.sec.gov. Copies of the preliminary prospectus supplement
and the accompanying prospectus relating to this offering may be
obtained from Equity Syndicate Prospectus Department, Jefferies
& Company, Inc., 520 Madison Avenue, 12th Floor, New York, NY,
10022, at 877-547-6340, and at Prospectus_Department@Jefferies.com,
or from Piper Jaffray & Co., 800 Nicollet Mall, Suite 800,
Minneapolis, MN 55402, at 800-747-3924.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
Safe-Harbor Statement
This press release contains forward-looking statements
including, without limitation, Limelight's ability to raise capital
through the sale of securities under the proposed public offering.
These statements involve risks and uncertainties that could cause
our actual results to differ materially from those in the
forward-looking statements, including, but not limited to: changes
in market conditions for its common stock; changes in operations,
financial results and economic conditions that limit Limelight's
ability to raise additional capital; the satisfaction of customary
closing conditions; unexpected changes in Limelight's operations
that impact its use of proceeds from the sale of securities under
the registration statement; and other risks described in
Limelight's filings with the SEC. For a detailed description
of the risk factors of Limelight, please refer to the risks
described in the prospectus supplement and in Limelight's most
recent annual report on Form 10-K and quarterly report on Form 10-Q
and other filings with the SEC. Limelight assumes no duty or
obligation to update or revise any forward-looking statements for
any reason.
About Limelight Networks, Inc.
Limelight Networks, Inc. (Nasdaq:LLNW) provides solutions that
enable business and technology decision makers to profit from the
shift of content and advertising to the online world, the explosive
growth of mobile and connected devices, and the migration of IT
applications and services into the cloud. Over 1800 customers
worldwide use Limelight's scalable software services to engage
audiences, enhance brand presence, analyze viewer preferences,
optimize advertising, manage and monetize digital assets, and
ultimately build stronger customer relationships.
Copyright (C) 2011 Limelight Networks, Inc. All rights
reserved. All product or service names are the property of their
respective owners.
CONTACT: Paul Alfieri of Limelight Networks, Inc.
+1-646-875-8835
palfieri@llnw.com
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