[IPO Financial Network screw-up. . .]
Kenneth ---
I spoke with the "news service" in question and was told the shelf registration was dated "mid December," so I went to Edgar and did some searching. Whoever did the reporting should have verified with Amati before publishing. Note the similarity in shares???? I have a call in to Amati now, but I'm quite sure this is part of the Soros settlement.
I think I'll take advantage of the situation and buy some stock. What a fiasco. Sort of makes you wonder if this news sheet is loading up the truck themselves.
Pat
sec.gov
PROSPECTUS
1,204,913 SHARES OF COMMON STOCK, ALL OF WHICH ARE OFFERED BY THE SELLING STOCKHOLDERS, INCLUDING 600,000 SHARES ISSUABLE TO THE SELLING STOCKHOLDERS ON EXERCISE OF OUTSTANDING WARRANTS TO PURCHASE COMMON STOCK (THE "WARRANTS")
AMATI COMMUNICATIONS CORPORATION
All of the 1,204,913 shares (the "Shares") of Common Stock, $0.20 par value (the "Common Stock"), of Amati Communications Corporation (the "Company") including 600,000 Shares issuable to the Selling Stockholders by the Company on exercise of warrants ("Warrants") to purchase Common Stock exercisable at any time after December 17, 1996, offered by this prospectus (the "Prospectus") may be sold by the holders of such Shares (collectively, the "Selling Stockholders")
named in this Prospectus. See "Selling Stockholders". The Company will not receive any proceeds from the sale of Shares by the Selling Stockholders. The Company could receive up to $12,735,000 on the exercise of the Warrants. See "Description of Capital Stock".
The Company has not made any underwriting arrangements with respect to the Shares issuable upon exercise of the Warrants. The Company's Common Stock is traded on the Nasdaq National Market under the symbol "AMTX". On December 9, 1996, the closing price for the Common Stock, as reported on the Nasdaq National Market, was $18.75.
All or a portion of the Shares offered by this Prospectus by the Selling Stockholders may be delivered and/or sold in transactions from time to time in the over-the-counter market, on the Nasdaq National Market, in negotiated transactions, or a combination of such methods of sale, at market prices prevailing at the time, at prices relating to such prevailing prices or at negotiated prices and/or may also be used to cover short positions. See "Plan of Distribution." This Prospectus may be used by the Selling Stockholders or by any
broker-dealer who may participate in sales of securities covered hereby. The Selling Stockholders and the brokers and dealers through whom such sales are effected may be deemed to be underwriters under the Securities Act of 1933, as amended (the "Securities Act"). The Selling Stockholders will pay all commissions, and other expenses associated with the sales of securities by them. Pursuant to an agreement with the Selling Stockholders, the Company has paid the
expenses of the preparation of this Prospectus. The Company has also agreed to indemnify the Selling Stockholders against certain liabilities, including liabilities arising under the Securities Act.
The Company has filed with the Securities and Exchange Commission (the "Commission") a Registration Statement under the Securities Act with respect to the securities offered by this Prospectus. As permitted by the rules and regulations of the Commission, this Prospectus does not contain all of the information set forth in the Registration Statement and the exhibits and schedules thereto. For further information with respect to the Company and the securities offered hereby, reference is made to the Registration Statement and
the exhibits thereto, which may be examined without charge at the public reference facilities maintained by the Commission at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549, and copies of which may be obtained from the Commission upon payment of the prescribed fees.
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