Design Within Reach, Inc. Files Registration Statement for Secondary Public Offering.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Design Within Reach, 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 :DWRI DWRI Developmental Writing (college course) ) announced today that it has filed a registration statement with the Securities and Exchange Commission for a public offering of 1,650,000 shares of its common stock. Of these shares, certain stockholders are offering 1,550,000 common shares and Design Within Reach is offering 100,000 shares. Some of the selling stockholders will grant the underwriters an option to purchase up to an additional 247,500 shares to cover over-allotments. The principal purpose of the offering is to increase the Company's outstanding public float and reduce the overhang Overhang Calculated as stock options granted, plus the remaining options to still be granted, and then divided by the total shares outstanding. Notes: A high percentage for the overhang is usually a bad thing. of stock held by its private investors and management. The offering will be made only by means of a prospectus. This release does not constitute an offer of any securities for sale. About Design Within Reach, Inc. Design Within Reach, Inc., founded in 1998 and headquartered in San Francisco, is an integrated multi-channel provider of distinctive modern design furnishings and accessories. The Company markets and sells its products to both residential and commercial customers nationwide through the DWR DWR Design Within Reach DWR Department of Water Resources DWR Direct Web Remoting (Easy Ajax for Java) DWR Durable Water Repellency DWR Delayed Word Recall (medical testing) DWR Driving While Revoked catalog, studios, website and direct sales force, and a single common "in stock and ready to ship" inventory. "Design Within Reach" is a registered trademark of Design Within Reach, Inc. |
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