ATG Files Shelf Registration Statement
Wednesday November 12, 8:34 am ET
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 12, 2003--ATG (Art Technology Group, Inc., NASDAQ: ARTG) today announced that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC). Upon being declared effective by the SEC, the company may offer, from time to time, the company's common stock, preferred stock and warrants, with an aggregate public offering price of up to $50 million.
The company does not have immediate plans for an offering under this shelf registration statement. However, the shelf registration affords the company flexibility in accessing capital markets in the future. If the company does initiate an offering, the company's intentions are to use any net proceeds from the sale of the securities for working capital and other general corporate purposes, which may include acquisitions of businesses, assets and technologies that are complementary to ATG's business.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be a sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ATG
ATG (Art Technology Group, Inc.) is a leading provider of innovative software applications for commerce and customer self-service. Deployed on the industry's most popular application servers, ATG's application suites for e-commerce, portals, and relationship management are ideal for integrating online initiatives across the enterprise. |
