General Magic has filed a Form 424B4 with the SEC describing the issue of 826,593 shares through an existing agreement with Ladenburg Thalmann & Co.
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THE OFFERING
Common stock offered in this prospectus.............................. 826,593 shares
Common stock outstanding after the offering............................ 64,814,624 shares(1)
Use of proceeds.............................. For product development, capital expenditure, sales and marketing and for other general corporate purposes. See "Use of Proceeds."
Nasdaq National Market symbol................ GMGC
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(1) Based on shares outstanding as of December 20, 2000. Does not include 7,554,984 shares of common stock issuable upon exercise of outstanding options, 14,466,014 shares of common stock issuable upon conversion of outstanding preferred stock or 5,767,790 shares of common stock issuable upon exercise of outstanding warrants as of December 20, 2000.
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