{"id":517682,"date":"2021-07-26T16:09:31","date_gmt":"2021-07-26T20:09:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/minim-announces-launch-of-proposed-public-offering-of-common-stock\/"},"modified":"2021-07-26T16:09:31","modified_gmt":"2021-07-26T20:09:31","slug":"minim-announces-launch-of-proposed-public-offering-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/minim-announces-launch-of-proposed-public-offering-of-common-stock\/","title":{"rendered":"Minim Announces Launch of Proposed Public Offering of Common Stock"},"content":{"rendered":"
\n

MANCHESTER, NH, July 26, 2021 (GLOBE NEWSWIRE) — via NewMediaWire<\/u><\/a> —\u00a0Minim, Inc.<\/a>\u00a0(NASDAQ: MINM) (the \u201cCompany\u201d) today announces the launch of the Company\u2019s proposed public offering of $25 million\u00a0pursuant to a registration statement filed with the Securities and Exchange Commission (\u201cSEC\u201d). The Company expects to grant the underwriters a 30-day option to purchase up to an additional $3.75 million at the public offering price less the underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.<\/p>\n

The Company intends to use the net proceeds it receives from the offering for general corporate and working capital purposes, which may include inventory optimization, development and marketing of new product offerings and expansion into global markets.<\/p>\n

B. Riley Securities is acting as the sole book-running manager for the proposed offering.<\/p>\n

A registration statement on Form S-1 (File No. 333-257656), including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the SEC on July 26, 2021, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, nor may any portion of the purchase price be received, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities 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 any such state or jurisdiction.<\/p>\n

The offering of these securities may be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained, when available, by contacting B. Riley Securities, Attention: Prospectus Department, 1300 17th\u00a0St. North, Ste. 1300, Arlington, VA 22209, or by telephone at (703) 312-9580 or by email at prospectuses@brileyfin.com.<\/p>\n

\n About Minim<\/strong>\n <\/p>\n

\n Minim, Inc.<\/a>\u00a0(NASDAQ: MINM) is the creator of intelligent networking products that dependably connect people to the information they need and the people they love. Headquartered in Manchester, NH, the company delivers smart software-driven communications products under the globally recognized Motorola brand and ZOOM\u00ae trademark. Minim end users benefit from a personalized and secure WiFi experience, leading to happy and safe homes where things just work.<\/p>\n

\n MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.<\/em>\n <\/p>\n

\n Media Contact:<\/strong>\n <\/p>\n

Michele Clarke at (203) 912-0560 or\u00a0michele.clarke@minim.com<\/p>\n

\n Investor Relations Contact:<\/strong>\n <\/p>\n

James Carbonara, Hayden IR at (646) 755-7412 or\u00a0james@haydenir.com<\/p>\n

\n
\n Forward-Looking Statements<\/em>
\n <\/strong>\n <\/p>\n

\n This press release contains \u201cforward-looking statements\u201d, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to Minim\u2019s plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including: risks associated with Minim\u2019s potential inability to realize intended benefits of the merger; the potential increase in tariffs on the company\u2019s imports; potential difficulties and supply interruptions from moving the manufacturing of most of the company\u2019s products to Vietnam; risks relating to global semiconductor shortages; potential changes in NAFTA; the potential need for additional funding which Minim may be unable to obtain; declining demand for certain of Minim\u2019s products; delays, unanticipated costs, interruptions or other uncertainties associated with Minim\u2019s production and shipping; Minim\u2019s reliance on several key outsourcing partners; uncertainty of key customers\u2019 plans and orders; risks relating to product certifications; Minim\u2019s dependence on key employees; uncertainty of new product development, including certification and overall project delays, budget overruns; the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; costs and senior management distractions due to patent related matters; risks from a material weakness in our internal control over financial reporting; the impact of the COVID-19 pandemic; and other risks set forth in Minim\u2019s filings with the Securities and Exchange Commission. Minim cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Minim expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Minim\u2019s expectations or any change in events, conditions or circumstance on which any such statement is based.<\/em>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MANCHESTER, NH, July 26, 2021 (GLOBE NEWSWIRE) — via NewMediaWire —\u00a0Minim, Inc.\u00a0(NASDAQ: MINM) (the \u201cCompany\u201d) today announces the launch of the Company\u2019s proposed public offering of $25 million\u00a0pursuant to a registration statement filed with the Securities and Exchange Commission (\u201cSEC\u201d). The Company expects to grant the underwriters a 30-day option to purchase up to an additional $3.75 million at the public offering price less the underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds it receives from the offering for … <\/p>\n

Continue reading “Minim Announces Launch of Proposed Public Offering of Common Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-517682","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMinim Announces Launch of Proposed Public Offering of Common Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/minim-announces-launch-of-proposed-public-offering-of-common-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minim Announces Launch of Proposed Public Offering of Common Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MANCHESTER, NH, July 26, 2021 (GLOBE NEWSWIRE) — via NewMediaWire —\u00a0Minim, Inc.\u00a0(NASDAQ: MINM) (the \u201cCompany\u201d) today announces the launch of the Company\u2019s proposed public offering of $25 million\u00a0pursuant to a registration statement filed with the Securities and Exchange Commission (\u201cSEC\u201d). 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