Anterix Announces Upsizing and Pricing of Follow-On Offering
WOODLAND PARK, N.J.,
WOODLAND PARK, N.J.,
Anterix intends to use the net proceeds from this offering for retuning its spectrum by relocating incumbents and acquiring additional spectrum to qualify for broadband licenses and to support broadband use. Additionally, Anterix anticipates using the net proceeds for general corporate purposes, which may include, among other purposes, working capital, pursuing regulatory initiatives at the FCC, capital expenditures, other corporate expenses, and acquisitions of assets, licenses, products, technologies or businesses, although there are no present commitments or agreements to do so.
The offering is being made only by means of a prospectus and a related prospectus supplement. Copies of the prospectus and the prospectus supplement related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department,
A registration statement relating to these securities has been filed with the
Anterix (NASDAQ: ATEX) is focused on empowering the modernization of critical infrastructure and enterprise businesses by enabling private broadband connectivity. Our foundational spectrum provides the ability to transform our customers operations to meet new business complexities while achieving higher levels of reliability, resiliency and security. Anterix is the largest holder of licensed spectrum in the 900 MHz band, with nationwide coverage throughout the contiguous
Except for historical information, certain statements in this press release, including statements regarding the completion and the anticipated use of proceeds of the public offering, as well as Anterix's expectations regarding the completion of its proposed public offering, are forward-looking in nature and are subject to risks, uncertainties and assumptions about Anterix, including, without limitation, risks and uncertainties related to market conditions and the satisfaction of closing conditions related to the public offering. Such forward-looking statements involve substantial risks and uncertainties that relate to future events and the actual results could differ significantly from those expressed or implied by the forward-looking statements. Any forward-looking statements are based on Anterix's current expectations, estimates and assumptions regarding future events and are applicable only as of the dates of such statements. Anterix makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances that may change. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Anterix's business in general, please refer to the "Risk Factors" sections in Anterix's preliminary prospectus supplement filed with the SEC on July 15, 2019, including the documents incorporated by reference therein and its Annual Report on Form 10-K filed with the SEC on May 20, 2019 and certain of its other periodic reports filed with the SEC.
Director of Investor Relations & Corporate Communications
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