THCG INC files for common stock offer.
Excerpted from S-3 filed on 08/31 by THCG INC:
THCG INC files for common stock offer.
PROSPECTUS SUBJECT TO COMPLETION
August 31, 2000
August 31, 2000
2,926,467 SHARES
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THCG, INC.
COMMON STOCK
The stockholder of THCG listed on page 16 of this prospectus is offering
and selling a total of 2,926,467 shares of our common stock under this
prospectus. We will not receive any of the proceeds from the sale of the shares
offered by the selling stockholder.
Our common stock is traded on the Nasdaq National Market under the symbol
"THCG." On August 29, 2000, the last sale price for our common stock, as
reported on the Nasdaq National Market, was $4.125 per share.
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Investing in our common stock involves certain risks. See "Risk
Factors" beginning on page 2.
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Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.
The information in this prospectus is not complete and may be changed. The
selling stockholders may not sell these securities until the registration
statement filed with the Securities and Exchange Commission is effective. This
prospectus is not an offer to sell these securities and it is not soliciting an
offer to buy these securities in any state where the offer or sale is not
permitted.
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The date of this prospectus is _____, 2000.
USE OF PROCEEDS
The selling stockholder will receive all of the net proceeds from the sale
of common stock offered by this prospectus, and we will receive none of these
proceeds.
DESCRIPTION OF CAPITAL STOCK
We are authorized to issue 50,000,000 shares of common stock, par value
$0.01 per share, and 5,000,000 shares of preferred stock, par value $0.01 per
share. The following description of our capital stock does not purport to be
complete and is subject to and qualified by our certificate of incorporation and
bylaws, particularly the certificate of designations of the series A convertible
participating preferred stock, which have been filed as exhibits to the
registration statement of which this prospectus is a part and are hereby
incorporated by reference in this prospectus, and the applicable laws of the
State of Delaware.
Common Stock
On August 14, 2000, a total of 12,654,169 shares of common stock were
outstanding, not including the shares being offered by the selling stockholder
under this prospectus.
(End of Item Excerpt)
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