SALT LAKE CITY
Sept. 13, 2012
/PRNewswire/ -- inContact, Inc. (NASDAQ: SAAS), today announced the pricing of its previously announced underwritten public offering of 7,000,000 shares of its common stock at a price to the public of
per share. The offering is expected to close on
September 18, 2012
, subject to customary closing conditions. We also granted the underwriter a 30-day option to purchase up to an additional 1,000,000 shares of our common stock to cover overallotments, if any. The gross proceeds to inContact from this offering are expected to be
, and after deducting the underwriting discount and estimated offering expenses payable by us, we expect to receive net proceeds of approximately
assuming the underwriter does not exercise its option to purchase additional shares of common stock. All of the shares are being offered by inContact.
We intend to use the net proceeds from the offering for general corporate purposes, including capital expenditures on cloud facilities and infrastructure, marketing, client services and development of intellectual property. We may also use the net proceeds to acquire or invest in businesses, services, and technologies that are complementary to our own, although we have no present commitments or agreements to make any such acquisitions or investments.
& Co. is acting as sole manager for the offering.
The shares will be issued pursuant to an effective shelf registration statement. A final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC's website located at
. Printed copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained, when available, by contacting
& Co., by mail at 800 Nicollet Mall, Suite 800,
55402, or by telephone at (800) 747-3924.
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy inContact common stock, nor shall there be any sale of the common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities laws of any such state or jurisdiction. Any offer, if at all, will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective shelf registration statement.