Macrovision adds stocks to public offering
Macrovision Corporation announced the filing of a registration statement for the public offering of 1, 710, 000 shares of common stock, $ 0.001 par value, of which 1,250,000 shares will be issued and sold by the Company and 460,000 shares will be sold by certain selling stockholders. The Company has also granted to the Underwriters an over-allotment option to purchase 192,000 shares and the selling stockholders have also granted to the Underwriters an over-allotment to purchase 64,500 shares. Hambrecht & Quist LLC, SG Cowen Securities Corporation, U.S. Bancorp Piper Jaffray Inc. and ING Barings LLC are the representatives of the underwriters. Hambrecht & Quist LLC is acting as book-running manager, SG Cowen Securities Corporation is acting as co-lead manager, and U.S. Bancorp Piper Jaffray Inc. and ING Barings LLC are acting as co-managers.
The Company anticipates that the net proceeds from the offering will be used for strategic investments and general corporate purposes, including working capital. Macrovision designs, develops and licenses copy protection and rights management technologies, providing content owners with the means to protect content such as videocassette, DVD and pay-per-view movies, and PC games and educational software against unauthorized copying and distribution.
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