dELiA*s, Inc. Announces Effectiveness of Registration Statement Relating to Its Previously Announced Rights Offering.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 -- dELiA*s, Inc. (Nasdaq: DLIA DLIA Discover Life in America ) ("dELiA*s"), a direct marketing and retail company comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19, today announced that the Securities and Exchange Commission declared effective on December 29, 2005 the Post-Effective Amendment to its Registration Statement on Form S-1. The Post-Effective Amendment relates to the subscription rights, and shares of common stock underlying the subscription rights, to be offered to the Company's stockholders in its previously announced $20 million rights offering. The Company expects that its common stock will trade ex-rights on the Nasdaq National Market beginning on December 30, 2005. Upon the commencement of ex-rights trading in dELiA*s' common stock, the dELiA*s, Inc. rights will also be listed for trading on the Nasdaq National Market under the ticker symbol Ticker Symbol
An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "DLIAR," though an active trading market in the rights may not commence. Delivery of rights certificates will be mailed starting on or about January 3, 2006.
In the rights offering, dELiA*s shareholders of record as of 5:00 p.m. on December 28, 2005 will receive at no charge 0.11533 of a subscription right for each share of dELiA*s common stock held. Each whole right will entitle the rights holder to purchase one share of common stock for $7.43 per share. The rights will expire, if not exercised, at 5:00 p.m. New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on January 27, 2006, unless extended by dELiA*s.
A written prospectus may be obtained from Edward Taffet, General Counsel of dELiA*s. Mr. Taffet can be reached at 435 Hudson Street Hudson Street can refer to:
A new, independent company created through selling or distributing new shares for an existing part of another company.
Spinoffs may be done through a rights offering. @delias.com.
About dELiA*s, Inc.
dELiA*s, Inc. is a direct marketing and retail company comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19. Its brands -- dELiA*s, Alloy and CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. -- generate revenue by selling apparel, accessories, footwear, room furnishings and action sports equipment predominantly to teenage consumers through direct mail catalogs, websites and, for dELiA*s, mall-based specialty retail stores.