Opsware Inc. Announces Sale of $64 Million of Common Stock
biz.yahoo.com
Friday December 10, 8:56 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 10, 2004--Opsware Inc. (Nasdaq:OPSW - News), the leading provider of IT automation and utility computing software, today announced that it has priced a registered direct offering for the sale of 10 million shares of its common stock at a price of $6.40 per share to institutional investors. ThinkEquity Partners LLC served as placement agent for the transaction. Opsware expects this transaction to close on December 15, 2004.
The offered shares are registered pursuant to Opsware's shelf registration statement that was declared effective by the Securities and Exchange Commission on June 8, 2004. After the close of this transaction, Opsware expects to terminate the remaining shelf registration statement.
A Registration Statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A Prospectus and Prospectus Supplement may be obtained from ThinkEquity Partners LLC at 600 Montgomery Street, San Francisco, California 94111, to the attention of the Prospectus Department, or directly from Opsware Inc.
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