Answers Corporation Filing Shelf Registration Statement To Raise $140 Million

Posted Jul 17, 2007

Answers Corporation (NASDAQ:ANSW) announced today that they are filing a universal shelf registration statement with the SEC.  The statement covers $140 million of in the form of common stock, preferred stock, warrants, debt securities, etc.  The intention is to use this funding to help pay for the acquisition of Lexico Publishing Group LLC[1] (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[2].

References:
[1] Answers.com Picks Up A Dictionary (.com) Priced at $100 Million
[2] Answers Corporation Files Shelf Registration Statement (Answers.com press release)
[3] paidContent.org: Answers.com Files For $140 Million Raise