Enom 2011 Annual Report Download - page 40
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Use of Proceeds from Registered Securities
On January 25, 2011, registration statements on Form S-1 (File No. 333-168612 and File No. 333-171868) relating to our initial public offering of our
common stock were declared effective by the SEC. An aggregate of 10,235,000 shares of our common stock were registered under the registration statements,
of which 4,500,000 shares were sold by us, 4,400,000 shares were sold by the selling stockholders identified in the registration statements and 1,335,000
shares were sold by the selling stockholders and us in connection with the underwriters' exercise of their option to purchase additional shares, at an initial
public offering price of $17.00 per share. The aggregate offering price for the shares registered and sold by us was approximately $88.0 million and the
aggregate offering price for the shares registered and sold by the selling stockholders was approximately $86.0 million. The initial public offering closed on
January 31, 2011 and, as a result, we received net proceeds of approximately $81.8 million, after deducting the underwriting discount but before deducting
offering expenses and the selling stockholders received net proceeds of approximately $80.0 million, after deducting the underwriting discount of
approximately $6.0 million. The Company did not receive any proceeds from the sale of shares by the selling stockholders.
No offering expenses were paid directly or indirectly to any of our directors or officers (or their associates) or persons owning ten percent or more of
any class of our equity securities or to any other affiliates.
The net offering proceeds have been invested in cash and cash equivalents. We have used the net offering proceeds for investments in media content,
international expansion efforts, working capital, product development, sales and marketing activities, general and administrative matters, capital expenditures
and to fund the acquisitions of Altcaster, EmergingCast, RSS Graffiti and IndieClick Media Group.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following provides information regarding our repurchase of our common stock during the quarter ended December 31, 2011:
Period Total Number
of
Shares
Purchased
Average
Price Paid
per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Approximate Dollar Value of
Shares that May Yet Be
Purchased Under the
Plans or Programs
October 1 - October 31, 2011 609,905 7.01 609,905 $ [-]
November 1 - November 30, 2011 448,583 7.13 448,583 [-]
December 1 - December 31, 2011 825,708 (1) 7.24 825,708 [-]
Total 1,884,196 7.14 1,884,196 [-]
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