News Column

MAVENIR SYSTEMS INC FILES (8-K) Disclosing Other Events

August 6, 2014



Item 8.01 Other Events.

Pricing and Closing of Follow-On Public Offering of Common Stock

On July 31, 2014Mavenir Systems, Inc. (the "Company") priced a follow-on public offering of 4,090,000 shares of its common stock at a price to the public of $11.00 per share. The underwriters of the offering were also granted a 30-day option to purchase up to an additional 613,500 shares of the Company's common stock at the public offering price.

The follow-on offering closed on August 6, 2014. The Company's sale of common stock in the offering was registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to the Company's registration statement on Form S-1 (File No. 333-197436).

Lock-Up Agreements Executed in Connection with Follow-On Public Offering

In connection with the follow-on public offering described above, the Company agreed with the underwriters not to sell or otherwise transfer or dispose of any of its securities until October 30, 2014 (a period of 90 days from the date of the final prospectus related to the offering), subject to certain exceptions. Additionally, each of the Company's directors and executive officers and certain of its significant stockholders executed lock-up agreements with the underwriters of the offering, in which they agreed not to sell or otherwise dispose of any of the Company's securities that they respectively beneficially own until September 30, 2014 (a period of 60 days from the date of the final prospectus related to the offering), also subject to certain exceptions.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. on behalf of the underwriters of the offering may, in their sole discretion, permit early release of shares subject to the lock-up agreements. For a further description of the lock-up agreement terms, please refer to the "Underwriting" section of the final prospectus related to the offering, as filed on August 1, 2014 with the Securities and Exchange Commission pursuant to Rule 424(b)(4) under the Securities Act.

Forward-Looking Statements

Statements in this Current Report on Form 8-K that are not purely historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the possible exercise of the underwriters' option to purchase additional shares in the above-referenced offering, the potential issuance of shares by the Company in the future, potential transactions in the Company's common stock by its existing stockholders and the ability of the underwriter representatives to waive the lock-up agreements described above.

Forward-looking statements can generally be identified by words such as "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "target," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects, although not all forward-looking statements contain these identifying words. Investors should not place undue reliance on these forward-looking statements.

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The statements in this Current Report on Form 8-K are made as of the date of hereof, even though this filing may be made available on the Company's website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided herein to reflect events that occur or circumstances that exist after the date on which the forward-looking statements were made, except as required by law.

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Source: Edgar Glimpses


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