Digital River Announces Filing of Shelf Registration Statements
MINNEAPOLIS, January 14, 2005-- Digital River, Inc. (NASDAQ: DRIV), Digital River, Inc. (NASDAQ:DRIV), today announced that it has filed a universal shelf Registration Statement on Form S-3 and an acquisition shelf Registration Statement on Form S-4 with the Securities and Exchange Commission.
Once declared effective by the Securities and Exchange Commission, the universal shelf on Form S-3 will permit Digital River to sell, in one or more public offerings, common stock, preferred stock, debt securities or warrants, or any combination of such securities. Together with unused amounts remaining under a previous universal shelf registration statement by Digital River, the company will be permitted to sell securities for proceeds in an aggregate amount of up to $255,165,000.
The acquisition shelf registration statement on Form S-4 will, once declared effective by the Securities and Exchange Commission, enable Digital River to issue up to 1,480,000 shares of its common stock in one or more acquisition transactions that the Company may make from time to time. These transactions may include the acquisition of assets, businesses or securities, whether by purchase, merger or any other form of business combination.
The registration statements relating to these securities have been filed with the Securities and Exchange Commission but have not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer of these securities will be made solely by means of the prospectuses included in the registration statements and any prospectus supplements that may be issued with respect to such offerings.
About Digital River, Inc.
Digital River, Inc. is an e-commerce outsourcer, which builds and manages online businesses for more than 40,000 software publishers, manufacturers, distributors and online retailers. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud prevention, site merchandising, advanced reporting and analytics, product fulfillment, e-marketing and multi-lingual customer service. Founded in 1994, Digital River is headquartered in Minneapolis with offices in major U.S. and European cities.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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