XFONE Announces Filing of Rights Offering Prospectus
14 Setembro 2011 - 9:55AM
Business Wire
XFONE, Inc. (NYSE Amex and TASE: XFN) (“Xfone” or “the
Company”) announced that further to its July 6, 2011 and September
8, 2011 announcements, the Company filed a final prospectus on
September 12, 2011 (the “Prospectus”) with the U.S. Securities and
Exchange Commission (the “SEC”) for its previously announced
rights offering (the “Rights Offering”) in which holders
of its common shares as of 5:00 p.m. New York City time (Midnight
Israel time) on September 22, 2011 (the “Record Date”) will receive
one (1) non-transferable and non-tradable right to purchase one (1)
additional share of the Company’s common stock, par value $0.001
(“Common Stock”) for each share owned as of the Record Date, for a
subscription price of $0.30 per share. The Company’s registration
statement on Form S-1 (as amended) of which the Prospectus is a
part, was declared effective by the SEC on September 12, 2011. The
Company is offering an aggregate of up to 21,119,488 shares of its
Common Stock pursuant to the Prospectus. The Rights will expire, if
not exercised, by 5:00 p.m. New York City time (11:00 p.m. Israel
time), on October 26, 2011.
Shareholders should consult the Prospectus and their advisors to
determine their rights under the Rights Offering. Offering
materials fully detailing the terms, subscription documents and
important dates of the Rights Offering are expected to be sent on
or about September 30, 2011 to shareholders who are entitled to
participate at the Rights Offering.
There can be no assurance as to the amount of Common Stock that
will be subscribed for pursuant to the Rights Offering.
Institutional Marketing Services (“IMS”) is the information
agent for the Rights Offering. Stockholders may direct questions
regarding the Rights Offering to IMS at (203) 972-9200.
This announcement shall not constitute an offer to sell, or the
solicitation of an offer to buy the rights or the underlying
shares, nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful
under the securities laws of any such state.
About Xfone, Inc.
Xfone is a provider of high speed broadband services,
including Internet access, digital cable TV programming and
local and long distance telephone service to residential and
business customers in northern Texas and southeastern Louisiana.
Xfone's Fiber-To-The-Premise (FTTP) network provides one of the
fastest internet connections available. The Company currently has
operations in Texas, Mississippi and Louisiana and also serves
customers in Arizona, Colorado, Kansas, New Mexico and Oklahoma.
For the company's website, please visit: www.xfone.com.
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