To: wgh613 who wrote (87 ) 6/15/2000 8:34:00 PM From: StockDung Respond to of 199
Sonic Foundry (SFO) last July at $8, "The offering is being co-managed by Dirks & Company, Inc. and Security Capital Trading Corp" "A copy of the final prospectus relating to such securities may be obtained from Dirks & Company, Inc., 520 Madison Avenue, 10th Floor, New York, New York 10022, 212-832-6700. SOURCE Sonic Foundry, Inc." Sonic Foundry, Inc. Announces Initial Public Offering Of Two Million Shares Of -------------------------------------------------------------------------------- Common Stock and One Million Redeemable Common Stock Purchase Warrants MADISON, Wis., April 22 /PRNewswire/ -- Sonic Foundry, Inc. (Amex: SFO) announced today the initial public offering of 2,000,000 shares of its Common Stock at a price of $7.50 per share and 1,000,000 redeemable Common Stock Purchase Warrants at $0.10 per warrant. Trading of Sonic Foundry's Common Stock and Common Stock Purchase Warrants commenced today on the American Stock Exchange under the symbols "SFO" and "SFO.WS," respectively. The offering is being co-managed by Dirks & Company, Inc. and Security Capital Trading Corp. The Company has granted the underwriters an option to purchase up to an additional 300,000 shares of Common Stock and 150,000 Common Stock Purchase Warrants to cover over- allotments, if any. Founded in 1994, Sonic Foundry is a leading provider of PC-based software products that enable users to easily work with and edit digital media. The Company's products are designed to run under the Windows(TM) and Windows NT(TM) operating systems. The Company's current products allow musicians, audio engineers and home users the ability to create, record, edit and design digital audio files and record or master their own audio compact discs. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of such state. A copy of the final prospectus relating to such securities may be obtained from Dirks & Company, Inc., 520 Madison Avenue, 10th Floor, New York, New York 10022, 212-832-6700. SOURCE Sonic Foundry, Inc. Copyright ¸ 1998, PR Newswire, all rights reserved.