Key Developments For Wave Systems Corp.
Wave Systems Corp. (WAVX.O) (Consolidated Issue listed on NASDAQ Capital Market)
NCI Selects Wave Systems Corp. As A Subcontractor On The U.S. Government Services Administration's Alliant Contract For
Wave Systems Corp. announced that it has been selected by NCI Information Systems, Inc. (NCI) as a subcontractor for the U.S. General Services Administration (GSA) Alliant prime contract. Alliant is a Government-Wide Acquisition Contract (GWAC) that provides federal government agencies an efficient resource to acquire technology solutions worldwide. Services provided under Alliant include all components of an integrated Information Technology (IT) solution, such as infrastructure, applications and IT management services. As the prime contractor, NCI submits proposals to GSA in response to Alliant requests, calling upon Wave and/or its other subcontractors to prepare portions as needed. The contract has a total ceiling value of $50 billion for 10 years for all prime contractors and covers a five-year base period with an option for a second five years. This is the fourth government contract vehicle that NCI has partnered with Wave, including ITES-2S, TEIS and NETCENTS.
Wave Systems Corp. Announces Additional $1,648,400 Stock Offering
Wave Systems Corp. announced that it is selling to investors 1,791,738 shares of its Class A common stock at a price of $0.92 per share, yielding gross proceeds of $1,648,400. Investors in the offering will also receive warrants to purchase an aggregate of 895,868 shares of the Company's Class A common stock for $1.155 per share. The warrants will be exercisable for a five-year period beginning on the sixth-month anniversary of the date of issuance. The net proceeds of the financing will be used to fund Company's ongoing operations. This transaction is in addition to, and pursuant to the same terms as, the $3,172,199 transaction announced by Wave on July 17, 2009. The total amount being raised in the two transactions is $4,820,599. ROTH Capital Partners acted as placement agent in connection with the offering.
Wave Systems Corp. Announces $3,172,199 Stock Offering
Wave Systems Corp. announced that it is selling to investors 3,448,042 shares of its Class A common stock at a price of $0.92 per share, yielding gross proceeds of $3,172,199. Investors in the offering will also receive warrants to purchase an aggregate of 1,724,024 shares of Wave's Class A common stock for $1.155 per share. The warrants will be exercisable for a five-year period beginning on the sixth-month anniversary of the date of issuance. The net proceeds of the financing will be used to fund Wave's ongoing operations. ROTH Capital Partners acted as placement agent in connection with the offering.
Wave Systems Corp. Announces $1,034,625 Stock Offering
Wave Systems Corp. announced that it is selling to investors 1,881,136 shares of its Class A common stock at a price of $0.55 per share, yielding gross proceeds of $1,034,625. Investors in the offering will also receive three-year warrants to purchase an aggregate of 940,568 shares of Wave's Class A common stock for $0.55 per share. The net proceeds of the financing will be used to fund Wave's ongoing operations. Security Research Associates acted as placement agent in connection with the offering.
Wave Systems Corp. Announces $431,750 Stock Offering
Wave Systems Corp. Corp. announced that it is selling to investors 785,000 shares of its Class A common stock at a price of $0.55 per share, yielding gross proceeds of $431,750. Investors in the offering will also receive three-year warrants to purchase an aggregate of 392,500 shares of Wave's Class A Common Stock for $0.55 per share. The net proceeds of the financing will be used to fund Wave's ongoing operations. Security Research Associates acted as placement agent in connection with the offering. The shares and the shares underlying the warrants in this offering are being issued under a $25 million shelf registration statement declared effective by the Securities and Exchange Commission on June 23, 2008. A prospectus supplement related to the public offering will be filed with the Securities and Exchange Commission.
