3Dfx Interactive, Inc. Completes Public Stock Offering.SAN JOSE, Calif.--(BUSINESS WIRE)--March 6, 1998--3Dfx Interactive, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TDFX TDFX Testis-Determining Factor, X-Chromosomal ) today announced the sale of 2,028,140 shares of its Common Stock by the Company and 871,860 shares of its Common Stock by selling shareholders at a price of $23.75 per share. The Company will not receive any of the proceeds from the sale of shares by the selling shareholders. The Company has also granted the underwriters an option to purchase up to an additional 435,000 shares to cover over-allotments, if any. 3Dfx Interactive will have approximately 14,600,000 shares of Common Stock outstanding after the offering assuming no exercise of the over-allotment option. An underwriting group of BancAmerica Robertson Stephens, NationsBanc Montgomery Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Securities LLC managed the offering. A final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from BancAmerica Robertson Stephens at 555 California St., San Francisco, CA 94104; NationsBanc Montgomery Securities LLC at 600 Montgomery St., San Francisco, CA 94111; or UBS Securities LLC at 299 Park Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10171-0026. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering will be used for general corporate purposes, including capital expenditures, working capital, expansion of sales and marketing and research and product development efforts, and financing of accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and inventories. 3Dfx Interactive is a leading developer of high performance, cost-effective 3D media processors, software and related technology for the interactive electronic market. The Company has developed 3D technology that enables a highly immersive, interactive and realistic 3D experience across multiple hardware entertainment platforms. 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 jurisdiction. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of the Firm, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when they are, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This news release contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the "Investment Risks." Bancamerica Robertson Stephens from time to time performs corporate finance services for some companies described herein and may occasionally possess material, nonpublic information Nonpublic information Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading. regarding such companies. This information is not used in the preparation of the opinions and estimates herein. Facts and other information discussed have been obtained from sources considered reliable but are not guaranteed. Bancamerica Robertson Stephens, its managing directors, its affiliates and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this press release is in circulation. CONTACT: 3Dfx Interactive, Inc. Steve Schick, 408/935-4366 (Editorial Contact) steve@3dfx.com Laura Onopchenko, 408/935-4312 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) onopchenko@3dfx.com http://www.3dfx.com |
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