SUBSTANTIAL SALES OF OUR COMMON STOCK BY OUR LARGE STOCKHOLDERS COULD CAUSE OUR STOCK PRICE TO FALL.
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A limited number of stockholders hold a large portion of our common stock. To the extent our large stockholders sell substantial amounts of our common stock in the public market, the market price of our common stock could fall. Several transactions completed by us over the last several months increased both the number of our securities available for resale to the public and the number of our securities held by our largest stockholders. For instance, in connections with our acquisition of Revnet and Decisive, we issued 5,316,618 shares of our common stock and assumed options to purchase up to approximately 1,148,493 additional shares of our common stock. All of the shares referred to above have been registered for resale on Registration Statements on Form S-3 which have been declared effective by the SEC. Accordingly, all such shares may be resold into the public markets without restrictions. Additionally, we issued 4,095,124 shares of our common stock in a private placement. Affiliates of two of our largest stockholders, Softbank America Inc. and Pequot Capital Management, Inc. acquired 975,611 of the shares sold in the private placement. We have filed a Registration Statement on Form S-3 covering the resale of such securities which have been declared effective by the SEC. |
