NEW YORK--(BUSINESS WIRE)--
Cache, Inc. ("Cache") (NASDAQ:CACH), a specialty chain of women’s
apparel stores, announced today that it intends to offer and sell,
subject to market and other conditions, $14.0 million of its common
stock in a public offering. Cache intends to grant the underwriter a
30-day option to purchase up to an aggregate of 15% of the amount of
common stock offered. Cache expects to use the net proceeds from the
offering for working capital and general corporate purposes.
In connection with the offering, B. Riley & Co., LLC is acting as the
sole underwriter. The offering of these securities will be made only by
means of a prospectus and related prospectus supplement, copies of which
can be obtained, when available, from B. Riley & Co., LLC, 11100 Santa
Monica Blvd., Suite 800, Los Angeles, California 90025.
A shelf registration statement relating to the shares of common stock to
be issued in this offering has been filed with the Securities and
Exchange Commission (the “SEC”) and is effective. A preliminary
prospectus supplement related to the offering will be filed with the SEC
and available on the SEC’s website located at http://www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor will there be any sale of any
securities referred to in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
state or jurisdiction.
About Cache, Inc.
Cache is a nationwide, mall-based specialty retailer of apparel and
accessories. Cache offers a boutique shopping experience for stylish and
fashion-conscious women with a product line consisting of elegant
evening wear, event and day dresses, casual sportswear and accessories,
primarily sold under the Cache brand- everything to meet the events and
lifestyle needs in a woman's life. Cache currently operates 239 stores,
primarily situated in central locations in high traffic, upscale malls
in 41 states, the Virgin Islands and Puerto Rico.
Forward-Looking Statements and Other Information
Certain matters discussed within this press release may constitute
forward-looking statements within the meaning of the federal securities
laws. Although Cache, Inc. believes the statements are based on
reasonable assumptions, there can be no assurance that these
expectations will be attained. Actual results and timing of certain
events could differ materially from those projected in or contemplated
by the forward-looking statements due to a number of factors, including,
without limitation, our ability to successfully implement our business
strategy and to integrate new members of management, industry trends,
merchandise and fashion trends, competition, seasonality, changes in
general economic conditions and consumer spending patterns, factors
specific to our Company and merchandise, such as demand for our
merchandise and markdowns. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date of
this press release. There can be no assurance that Cache, Inc. will
complete the offering of shares of common stock, or as to the actual
size or terms of the offering. Except as may be required by applicable
law, we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, and we caution you not to rely upon them
Anthony DiPippa, 212-575-3200
President and Chief Financial Officer
Allison Malkin/Rachel Schacter
Source: Cache Inc.