BURLINGTON, Mass.--(BUSINESS WIRE)--Apr. 3, 2017--
Everbridge, Inc. (NASDAQ:EVBG) today announced that it has launched an
underwritten public offering of common stock. Everbridge and certain
existing stockholders are offering an aggregate of 3,012,164 shares of
common stock, of which 275,000 shares are being offered by Everbridge
and 2,737,164 shares are being offered by existing stockholders of
Everbridge. In addition, Everbridge and certain of the selling
stockholders intend to grant the underwriters a 30-day option to
purchase up to an aggregate of 451,825 additional shares. The offering
is subject to market and other conditions, including the effectiveness
of the registration statement filed under the Securities Act of 1933, as
amended. Everbridge will not receive any proceeds from the sale of
shares sold by the selling stockholders. Everbridge intends to use
proceeds from the offering for general corporate purposes, including
working capital and capital expenditures.
Credit Suisse and BofA Merrill Lynch are acting as joint book-running
managers for the offering. Stifel, Pacific Crest Securities, a division
of KeyBanc Capital Markets, Canaccord Genuity, Raymond James, Needham &
Company and William Blair are acting as co-managers.
The offering will be made only by means of a prospectus. Copies of the
preliminary prospectus related to the offering may be obtained from
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department,
One Madison Avenue, New York, NY 10010, by telephone at 1-800-221-1037,
or by email at newyork.prospectus@credit-suisse.com,
or from BofA Merrill Lynch NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or by email
at dg.prospectus_requests@baml.com.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time that the registration statement becomes
effective. This announcement 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.
About Everbridge
Everbridge, Inc. is a global software company that provides enterprise
software applications that automate and accelerate an organization’s
operational response to critical events in order to keep people safe and
businesses running. During public safety threats such as active shooter
situations, terrorist attacks or severe weather conditions, as well as
critical business events such as IT outages or cyber-attacks incidents,
over 3,200 global customers rely on the company’s SaaS-based platform to
quickly and reliably aggregate and assess threat data, locate people at
risk and responders able to assist, automate the execution of
pre-defined communications processes, and track progress on executing
response plans. The company’s platform sent over 1.5 billion messages in
2016, and offers the ability to reach more than 200 countries and
territories with secure delivery to over 100 different communication
devices. The company’s critical communications and enterprise safety
applications, which include Mass Notification, Incident Management, IT
Alerting, Safety Connection™, Community Engagement™, Secure Messaging,
Visual Command Center and Crisis Commander, are easy-to-use and deploy,
secure, highly scalable and reliable. Everbridge serves 8 of the 10
largest U.S. cities, 8 of the 10 largest U.S.-based investment banks,
all four of the largest global accounting firms, 24 of the 25 busiest
North American airports and 6 of the 10 largest global automakers.
Everbridge is based in Boston and Los Angeles with additional offices in
San Francisco, Lansing, Beijing, London and Stockholm.
Forward-Looking Statements
This press release contains certain forward-looking statements,
including statements with regard to Everbridge’s proposed securities
offering. Words such as "believes," "intends," "expects," "projects,"
"anticipates," and "future" or similar expressions are intended to
identify forward-looking statements. These forward-looking statements
are subject to the inherent uncertainties in predicting future results
and conditions and no assurance can be given that the proposed
securities offering discussed above will be consummated on the terms
described or at all. Completion of the proposed securities offering and
the terms thereof are subject to numerous factors, many of which are
beyond the control of Everbridge, including, without limitation, market
conditions, failure of customary closing conditions and the risk factors
and other matters set forth in Everbridge’s filings with the U.S.
Securities and Exchange Commission. Everbridge undertakes no obligation
to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise, except as may
be required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170403005663/en/
Source: Everbridge
Media:
Everbridge
Jeff Benanto, 781-373-9879
jeff.benanto@everbridge.com
or
Investors:
ICR
Garo
Toomajanian, 818-230-9712
ir@everbridge.com