SOUTHBOROUGH, Mass. -- Double-Take Software, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering by it and selling stockholders of up to 3,798,000 shares of its common stock, plus up to 569,700, shares that may be purchased by the underwriters to cover over-allotments. The Company is offering 1,000,000 shares, plus up to 166,950 shares to cover underwriters' over-allotments. ABS Capital Partners, a stockholder of the Company, is offering 2,798,000 shares, plus up to 402,750 shares to cover underwriters' over-allotments. The balance of the shares proposed to be sold are being offered by certain other stockholders of the Company.
Thomas Weisel Partners LLC and Cowen and Company, LLC are acting as joint book-running managers, with CIBC World Markets Corp., Pacific Crest Securities, Inc., Canaccord Adams Inc. and JMP Securities LLC acting as co-managers. A copy of the prospectus relating to these securities may be obtained, when available, from Thomas Weisel Partners at One Montgomery Street, Suite 3700, San Francisco, California 94104, or Cowen and Company at 1221 Avenue of the Americas, New York, New York 10020.
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 the registration statement becomes effective. This 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Double-Take Software Inc.