Dow Jones Erroneously Reports Adrenalin Financing Details.LOS ANGELES--(BUSINESS WIRE)--April 30, 1999-- Adrenalin 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 : ADRN ADRN Attention Deficit Resource Network ADRN Antimalarial Drug Resistance Network ADRN Advance Document Revision Notice (Boeing configuration management form) ) noted that Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance erroneously reported the details of the proposed private placement financing planned by Adrenalin. As clearly stated in Adrenalin's press release, if the merger is completed the warrants to be issued as part of the private placement will expire without ever having been exercisable. Management of both companies have a high degree of confidence that the merger will be consummated resulting in the expiration of the warrants. Management also noted that under Rule 506, the shares issued in the transaction will be restricted under the terms of the Securities Act of 1933, as was indicated in the press release. For additional information regarding the financing plan, please refer to the Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed with the Securities and Exchange Commission. The offer and sale of the securities referred to herein have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or qualified under any state or non-U.S. securities laws, such securities are being offered and sold in reliance on the exemptions afforded by Regulation D promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. under the Securities Act. The securities may not be transferred or resold without registration and qualification under the Securities Act and applicable state and non-U.S. securities laws, unless an exemption from registration and qualification under the Securities Act and such laws is then available. The statements set forth above with respect to the proposed acquisition are forward looking statements within the meaning of that term in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. As such, they are inherently uncertain and should not be unduly relied upon. As to the consummation of the proposed acquisition, uncertainties include the ability of the parties to negotiate related agreements, completion of satisfactory due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. by both parties, the receipt of approval by Adrenalin's shareholders, the satisfaction of other conditions to closing and other uncertainties normally associated with the consummation of business acquisitions. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion