MELBOURNE, Fla.--(BUSINESS WIRE)-- AuthenTec (AUTH), a leading provider of mobile and network security, today announced that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC). Once declared effective by the SEC, the new registration statement would allow AuthenTec to sell, from time to time, one or more placements of up to $100 million in shares of its common stock and preferred stock, debt securities and other securities in one or more public offerings.
The purpose of this shelf registration statement is to provide AuthenTec with optimal flexibility to fund general corporate activities, which could include the financing of acquisitions and investments as well as additions to working capital, research and development and capital expenditures, said AuthenTec CEO Larry Ciaccia.
AuthenTec has not made a decision whether it will sell any securities using this shelf registration statement or as to the timing of any possible offering. Any securities offered by AuthenTec under the shelf registration statement may not be sold, nor may offers to buy any securities be accepted, prior to the time the shelf registration statement becomes effective. In the event AuthenTec offers for sale any securities under this shelf registration statement, AuthenTec will provide a prospectus supplement that will contain specific information about the terms of that offering. The prospectus supplement may also add, update or change information contained in this prospectus.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities covered by the registration statement, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer of those securities may be made solely by means of the prospectus included in the registration statement and a related prospectus supplement.