Answers Corporation announced today that they are filing a universal shelf registration statement with the SEC that covers $140 million of in the form of common stock, preferred stock, warrants, debt securities, etc.
And the intention is to use this funding to help pay for the acquisition of Lexico Publishing Group LLC (owner of Dictionary.com, Reference.com, Thesaurus.com) and for other acquisitions.
As I’m writing this article, Answers Corporation has been fluctuating between $11.05 (low) and $12.90 (high). The registration statement was filed but is not effective yet.
[Source: Answers.com press release / paidContent]
