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UPIP > SEC Filings for UPIP > Form 8-K on 13-Sep-2013All Recent SEC Filings

Show all filings for UNWIRED PLANET, INC.



Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

On September 13, 2013, Unwired Planet, Inc. (the "Company") issued a press release announcing the final results of its previously announced rights offering pursuant to a Registration Statement on Form S-3 that was filed with the Securities and Exchange Commission and became effective on August 14, 2013.

The Company raised $12.5 million of gross proceeds, including proceeds from a standby commitment made by Indaba Capital, L.P. Stockholders of the Company subscribed for a total of 5,274,659 shares of the Company's common stock pursuant to subscription rights, representing a 70% participation rate. In addition, a total of 2,481,365 shares of the Company's common stock will be issued to Indaba Capital, L.P., which amount includes 225,904 shares of the Company's common stock in consideration for providing its standby commitment. In the aggregate, the Company will issue 7,756,024 shares of common stock as part of the closing of the rights offering. There will be a total of 108,700,629 shares of common stock outstanding following the closing of the rights offering, which amount includes 549,450 shares of the Company's common stock issuable to Evercore Partners as part of their fees for providing financial advisory services to us on our recent financing transactions.

A copy of the press release is filed as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated September 13, 2013

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