NEW HOPE, Pa.--(BUSINESS WIRE)--MeetMe, Inc. (NASDAQ: MEET), a public market leader for social discovery, today announced the closing of the public offering of 9,200,000 shares of its common stock at a public offering price of $5.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to 1,200,000 additional shares of common stock.
Canaccord Genuity Inc. and Roth Capital Partners acted as joint-book-running managers and Northland Securities, Inc. served as co-manager. The Company’s counsel for the offering was Morgan, Lewis & Bockius LLP and the underwriters’ counsel for the offering was Pillsbury Winthrop Shaw Pittman LLP.
MeetMe intends to use the net proceeds from the offering for general corporate purposes, including potentially to fund a portion of the consideration for the pending if(we) acquisition, and other potential future acquisitions.
About MeetMe, Inc.
Through its portfolio of brands, MeetMe (NASDAQ: MEET) is meeting the universal need for human connection. Using innovative products and sophisticated data science, MeetMe keeps its approximately two million daily active users engaged and originates untold numbers of casual chats, friendships, dates, and marriages. MeetMe offers advertisers the opportunity to reach customers on a global scale with hundreds of millions of daily mobile ad impressions. MeetMe utilizes high user density, economies of scale, and leading monetization strategies to maximize EBITDA. MeetMe’s apps are available on iPhone, iPad, and Android in multiple languages worldwide. For more information, please visit meetmecorp.com.
