Kintera (MM) (NASDAQ:KNTA)
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From Jul 2019 to Jul 2024
Kintera(R), Inc. (NASDAQ:KNTA), the leading provider of
software as a service to the nonprofit industry, today announced a
private placement in which it has received indications of plans to
purchase 4.5 million shares of its common stock at a price of $3.00
per share, for anticipated aggregate proceeds of approximately $13.5
million. In connection therewith, the company also plans to issue
warrants to purchase up to 1.8 million shares of its common stock at
an exercise price of $3.50 per share, which warrants are callable if
the trading price of the company's common stock exceeds $7.00 per
share for a specified period of time. The closing is expected to be as
soon as practicable. The proceeds will be used for general corporate
purposes, including working capital.
The shares and warrants will not be registered under the
Securities Act, or any state securities laws, and will be sold and
issued in a private transaction under Regulation D. Unless the shares
and warrants are registered, they may not be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state laws. Kintera
is obligated to register the shares, including the shares issuable
upon exercise of the warrants, for resale on a registration statement
to be filed within 30 days of the closing of the transaction.
About Kintera, Inc.
Kintera(R), Inc. (NASDAQ:KNTA) provides an online solution to help
nonprofit organizations deliver The Giving Experience(TM) to donors -
including giving convenience, financial transparency, feedback about
the social impact of their gifts, and a sense of belonging and
appreciation.
Forward-Looking Statements
This press release contains forward-looking statements (including,
without limitation, express or implied statements regarding the
consummation of our private common stock financing) that involve risks
and uncertainties. These forward-looking statements represent our
estimates and assumptions only as of the date hereof. These statements
reflect our current views with respect to future events and are based
on assumptions and subject to risks and uncertainties. These
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements to be materially different from any future results,
performances or achievements expressed or implied by the
forward-looking statements. These risks and uncertainties include,
without limitation, the satisfaction of the closing conditions and our
dependence on the investors' commitments to fulfill their obligations
in connection with our private common stock financing. Given these
uncertainties, you should not place undue reliance on these
forward-looking statements.