Cabela's 2004 Annual Report Download - page 29

Use of Proceeds
On June 30, 2004, we closed the initial public oÅering of 7,812,500 shares of our common stock at a
price of $20 per share in a Ñrm commitment underwritten oÅering. In connection with the oÅering, certain
of our stockholders (the ""Selling Stockholders'') sold 1,562,500 of the 7,812,500 shares oÅered and
granted an option to the underwriters to purchase up to an additional 1,171,875 shares at a price of
$20 per share to cover over-allotments, which option was exercised in full by the underwriters and also
closed on June 30, 2004. Of the total oÅering, we sold 6,250,000 shares, raising net proceeds of
$114.2 million. We did not receive any of the proceeds ($54.7 million before underwriting discounts and
commissions) from any shares of our common stock sold by the Selling Stockholders or from the exercise
of the over-allotment option. The oÅering was eÅected pursuant to a Registration Statement on Form S-1
(File No. 333-113835), which the Securities and Exchange Commission declared eÅective on June 24,
2004. The proceeds were used to pay the outstanding balance of $38.1 million on our line of credit, with
the remainder used for our destination retail store expansion, including the purchase of economic
development bonds. The managing underwriters of our oÅering were Credit Suisse First Boston LLC and
J.P. Morgan Securities Inc. The aggregate gross proceeds of the shares oÅered and sold, including the
over-allotment, were $179.7 million. In connection with the oÅering, an aggregate of $12.1 million in
underwriting discounts and commissions was paid to the underwriters by us and the selling stockholders. In
addition, the following table sets forth the other material expenses we incurred in connection with the
oÅering:
SEC registration fee ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 48,000
NASD Ñling feeÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 23,500
Printing and engraving expensesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 316,000
Legal fees and expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,370,000
Accounting fees and expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 935,000
Blue Sky fees and expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 50,000
Transfer agent and registrar fees ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 65,000
Miscellaneous fees and expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 535,900
$3,343,400
On November 16, 2004, certain of our stockholders sold 12,000,000 shares of common stock,
including the underwriters over allotment, at a price of $22.50 per share in a Ñrm commitment
underwritten oÅering. We did not receive any proceeds from this sale.
Sales of Unregistered Securities
During the past Ñscal year, we issued unregistered securities to a limited number of persons, as
described below. None of these transactions involved any underwriters or public oÅerings.
On February 9, 2004, we issued 18,350 shares of common stock to an employee for an aggregate
amount of $182,680 in connection with the exercise of stock options granted under our 1997 Stock Option
Plan. These securities were issued pursuant to an employee beneÑt plan, in a transaction exempt from the
registration requirements of the Securities Act in reliance upon Rule 701 of the Securities Act.
On February 10, 2004, we issued 385,056 shares of common stock for an aggregate amount of
$1,116,576 in connection with the early exercise of stock options granted under our 1997 Stock Option
Plan. These securities were issued pursuant to an employee beneÑt plan, in a transaction exempt from the
registration requirements of the Securities Act in reliance upon Rule 701 of the Securities Act.
On February 16, 2004, we issued 154,140 shares of common stock to an employee for an aggregate
amount of $868,080 in connection with the exercise of stock options granted under our 1997 Stock Option
Plan. These securities were issued pursuant to an employee beneÑt plan, in a transaction exempt from the
registration requirements of the Securities Act in reliance upon Rule 701 of the Securities Act.
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