NEW YORK–Jan. 29, 2010—Vringo, Inc., a video ringtone service provider, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission, which outlines the Company’s plans for an initial public offering of its securities.
According to the document, the Company intends to raise $12 million in capital in the IPO, with the potential of reaching $13.8 million if an over-allotment option is exercised. The Company plans to issue 2.4 million units, with each unit consisting of one share of common stock and two warrants. The Form S-1 can be viewed at the SEC’s Web site at http://sec.gov/Archives/edgar/data/1410428/000119312510016082/ds1.htm#toc50071_14.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a 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.
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Founded in 2006, Vringo is bringing about the evolution of ringtones. With its video ringtone application and Web platform, Vringo transforms the basic act of making and receiving mobile phone calls into a highly visual, social experience. By installing Vringo’s application, which is compatible with more than 200 handsets, users can create or take video, images and slideshows from virtually anywhere and make it into their personal call signature. For more information, visit http://www.vringo.com.