Re: Form S-3
I’m guessing your 2nd statement under key takeaways regarding raising capital is not happening here given what the preliminary prospectus reads. See message 6744 below, and link to SEC Form S-3.
“We are not selling any shares of our Common Stock, and we will not receive any of the proceeds from the sale of shares by the selling stockholders. The selling stockholders will pay all brokerage fees and commissions and similar sale-related expenses. We are only paying expenses relating to the registration of the shares with the U.S. Securities and Exchange Commission, or the SEC. The registration of the shares of our Common Stock does not necessarily mean that any of such shares will be offered or sold by the selling stockholders.”
Per company’s statement above (preliminary prospectus), RBBN is not selling common stock and will not receive any proceeds. The selling stockholders, however appear to be preparing for a possible sale of all or some of the shares they own provided the selling price is to their liking.
Greenfairways, is this your understanding? Is this registration good or bad for shareholders? I’m hoping this could be good news.