FREMONT, Calif., Sept. 10, 2014 (GLOBE NEWSWIRE) -- Identiv, Inc. (Nasdaq:INVE), a global security technology company that provides trust solutions for premises, information and everyday items, today announced its intention to offer shares of its common stock in an underwritten public offering. Identiv expects to grant the underwriter 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.
Cowen and Company, LLC is acting as the underwriter for the offering.
Identiv expects to use the net proceeds from the offering for working capital and other general corporate purposes, including the acquisition of, or investment in, companies, technologies, products or assets that complement Identiv's business.
The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC). A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC. Before investing in Identiv, you should read the prospectus supplement and the accompanying prospectus, and other documents that Identiv has filed or will file with the SEC, for information about Identiv and this offering.
When available, copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting Cowen and Company, LLC, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, or by calling +1 631-274-2806. The preliminary prospectus supplement and accompanying prospectus also will be available on the SEC's website at 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.
This press release contains certain "forward-looking statements" related to the business of Identiv, Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "plans" or similar expressions, including expectations regarding the completion of and anticipated proceeds from the proposed public offering, and the planned use of such proceeds. Such forward-looking statements involve known and unknown risks and uncertainties, including, but not limited to, whether or not Identiv will offer shares of its common stock or consummate the offering, the final terms of the offering, which could differ based upon market conditions, the anticipated use of the proceeds of the offering, which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the SEC. Identiv is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Identiv is a global security technology company that establishes trust in the connected world, including premises, information, and everyday items. CIOs, CSOs and product departments rely upon Identiv's trust solutions to reduce risk, achieve compliance, and protect brand identity. Identiv's trust solutions are implemented using standards-driven products and technology, such as digital certificates, strong authentication, mobility, and cloud services. For more information, visit identiv.com.
CONTACT: Investor Relations Contact: Lennart Streibel Identiv, Inc. +1 949-553-4251 IR@identiv.com
Source:Identive Group, Inc.