04 Dec '13, 1am

Marchex Proposes To Offer $50 Million More In Shares & Allow Insiders To Sell Up To 15% of Holdings

According to a 8-K form filed by Marchex, Inc. (“Marchex”) with the Securities and Exchange Commission (the “SEC”) the company may sell up to $50 million of its Class B common stock, at prices and on terms that Marchex will decide at the time of any offering. In addition, under the shelf registration, certain of Marchex’s stockholders may offer for resale to the public from time to time in one or more offerings up to 3.5 million shares of Marchex’s Class B common stock owned by them at prices and on terms to be determined at the time of any such offering. The registration statement on Form S-3 has not yet been filed with the SEC . The securities may not be sold and offers to buy may not be accepted prior to the time such registration statement becomes effective. This current report shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall ther...

Full article: http://www.thedomains.com/2013/12/03/marchex-proposes-to-...

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