LOD, Israel, Feb. 15, 2011 (GLOBE NEWSWIRE) -- AudioCodes Ltd. (Nasdaq:AUDC), a leading provider of Voice over IP (VoIP) technologies and Voice Network products, announced today that it has filed a universal shelf registration statement on Form F-3 with the Securities and Exchange Commission (SEC). Upon being declared effective by the Securities and Exchange Commission, the shelf registration statement will allow AudioCodes to sell, from time to time, up to $150 million of ordinary shares, warrants and debt securities, either separately or in units, in one or more offerings. The shelf registration statement also provides for the sale by certain selling shareholders of up to 3,000,000 ordinary shares solely in connection with any future offering by AudioCodes. The terms of any offering, including the amount and type of securities involved, and the use of proceeds of the sale of any such securities by AudioCodes, will be determined at the time of offering and described in a prospectus supplement filed with the SEC at such time.
The shelf registration statement is designed to permit AudioCodes, subject to market conditions and its capital needs, to access the capital markets periodically in the future in order to support its anticipated growth. If any securities are sold, AudioCodes currently intends to use the proceeds from any such sales for general corporate purposes, including repaying debt, capital expenditures, acquisitions, funding product development and other operating expenses.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has 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 release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or resale 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. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and the accompanying prospectus supplement issued with respect to such offering.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV