Handheld Entertainment Unit (MM) (NASDAQ:ZVUEU)
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From May 2019 to May 2024
HandHeld Entertainment (NASDAQ: ZVUE, ZVUEW) today announced that
trading of company warrants began today on the NASDAQ Capital Market as
ZVUEW and on the Boston Stock Exchange as HDEW, while units of HandHeld
Entertainment (ZVUEU/HDEU) stopped trading at the close of business on
Friday, November 3.
On August 14, 2006, HandHeld Entertainment sold 1.2 million units in a
fully registered secondary offering, with each unit consisting of one
share of common stock and one five-year warrant to purchase an
additional share of common stock at an exercise price of $6.06 or 125
percent of the unit offering price. The warrants are also redeemable by
the company if the underlying common stock (ZVUE/HDE)
trades above 175 percent of the unit offering price for 20 consecutive
trading days.
The underwriters of the secondary offering have elected to exercise
their rights to separate the unit into common stock and warrants within
the maximum 90-day conversion window defined by the terms of the
secondary offering.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or jurisdiction.
About HandHeld Entertainment, Inc.
With shares of its common stock and warrants available for purchase on
the NASDAQ Capital Market (ZVUE, ZVUEW) and Boston Stock Market (HDE,
HDEW), HandHeld Entertainment is a digital-media-to-go company with a
family of mass-market portable media players priced at mass-market
prices as well as its own online video content store. Its ZVUE™
portable media players are available for purchase online and in more
than 1,800 retail locations across the U.S., while portable video lovers
can visit HandHeld Entertainment’s video
download store, ZVUE.com™ at www.zvue.com
to buy pay-per-download videos or download thousands of free media
titles. For more information, visit www.hheld.com/ir
or call 415-495-6470.
HandHeld Entertainment, ZVUE and ZVUE.com are trademarks of HandHeld
Entertainment. All other trademarks are property of their respective
owners.
“Safe Harbor”
Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements. To the extent that any
statements made in this release contain information that is not
historical, these statements are forward-looking. These statements are
subject to risks and uncertainties that cannot be predicted or
quantified and, consequently, actual results may differ materially from
those expressed or implied by these forward-looking statements. These
risks and uncertainties include, without limitation: HandHeld
Entertainment's dependence on contract manufacturing of its products;
its reliance on a single major mass-market retailer; its ability to
develop and market successfully and in a timely manner new products and
services; its ability to predict market demand for, and gain market
acceptance of, its products and services; the impact of competitive
products and services and of alternative technological advances; its
ability to raise additional capital to finance its activities; its
limited and unprofitable operating history; its ability to operate as a
public company; its ability to reduce product return rates; the affect
of inventory and price protections required by major retailers; the
availability and affordability of digital media content; its ability to
protect its proprietary information and to avoid infringement of others'
proprietary rights; its ability to attract and retain qualified senior
management and research and development personnel; the reliability and
security of its information systems and networks; and other factors
described in HandHeld Entertainment's filings with the Securities and
Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly
Reports on Form 10-QSB and Current Reports on Form 8-K. These
forward-looking statements are made as of the date hereof. HandHeld
Entertainment does not undertake any obligation to publicly update any
forward-looking statements. As a result, investors should not place
undue reliance on these forward-looking statements.
HandHeld Entertainment (NASDAQ: ZVUE, ZVUEW) today announced that
trading of company warrants began today on the NASDAQ Capital Market
as ZVUEW and on the Boston Stock Exchange as HDEW, while units of
HandHeld Entertainment (ZVUEU/HDEU) stopped trading at the close of
business on Friday, November 3.
On August 14, 2006, HandHeld Entertainment sold 1.2 million units
in a fully registered secondary offering, with each unit consisting of
one share of common stock and one five-year warrant to purchase an
additional share of common stock at an exercise price of $6.06 or 125
percent of the unit offering price. The warrants are also redeemable
by the company if the underlying common stock (ZVUE/HDE) trades above
175 percent of the unit offering price for 20 consecutive trading
days.
The underwriters of the secondary offering have elected to
exercise their rights to separate the unit into common stock and
warrants within the maximum 90-day conversion window defined by the
terms of the secondary offering.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or jurisdiction.
About HandHeld Entertainment, Inc.
With shares of its common stock and warrants available for
purchase on the NASDAQ Capital Market (ZVUE, ZVUEW) and Boston Stock
Market (HDE, HDEW), HandHeld Entertainment is a digital-media-to-go
company with a family of mass-market portable media players priced at
mass-market prices as well as its own online video content store. Its
ZVUE(TM) portable media players are available for purchase online and
in more than 1,800 retail locations across the U.S., while portable
video lovers can visit HandHeld Entertainment's video download store,
ZVUE.com(TM) at www.zvue.com to buy pay-per-download videos or
download thousands of free media titles. For more information, visit
www.hheld.com/ir or call 415-495-6470.
HandHeld Entertainment, ZVUE and ZVUE.com are trademarks of
HandHeld Entertainment. All other trademarks are property of their
respective owners.
"Safe Harbor" Statement Under the Private Securities Litigation
Reform Act of 1995
This release contains forward-looking statements. To the extent
that any statements made in this release contain information that is
not historical, these statements are forward-looking. These statements
are subject to risks and uncertainties that cannot be predicted or
quantified and, consequently, actual results may differ materially
from those expressed or implied by these forward-looking statements.
These risks and uncertainties include, without limitation: HandHeld
Entertainment's dependence on contract manufacturing of its products;
its reliance on a single major mass-market retailer; its ability to
develop and market successfully and in a timely manner new products
and services; its ability to predict market demand for, and gain
market acceptance of, its products and services; the impact of
competitive products and services and of alternative technological
advances; its ability to raise additional capital to finance its
activities; its limited and unprofitable operating history; its
ability to operate as a public company; its ability to reduce product
return rates; the affect of inventory and price protections required
by major retailers; the availability and affordability of digital
media content; its ability to protect its proprietary information and
to avoid infringement of others' proprietary rights; its ability to
attract and retain qualified senior management and research and
development personnel; the reliability and security of its information
systems and networks; and other factors described in HandHeld
Entertainment's filings with the Securities and Exchange Commission,
including Annual Reports on Form 10-KSB, Quarterly Reports on Form
10-QSB and Current Reports on Form 8-K. These forward-looking
statements are made as of the date hereof. HandHeld Entertainment does
not undertake any obligation to publicly update any forward-looking
statements. As a result, investors should not place undue reliance on
these forward-looking statements.