The convertible notes mature
The Company intends to use the net proceeds to fund operations and new product development with the remainder of the proceeds to be used for general corporate purposes, including working capital.
The offering and sale of 10% Senior Secured Convertible Notes and the shares of common stock issuable upon conversion of the notes by the Company have not been and will not be registered under the Securities Act of 1933, as amended, or the securities laws of any state or jurisdiction. The Securities and Exchange Commission has not approved or disapproved of the offering of such securities and any representation to the contrary is a criminal offense. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of such securities, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Safe Harbor / Forward-Looking Statements
This press release contains forward-looking statements regarding the private placement and the intended use of proceeds. Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from those projected in any such forward-looking statements depending on a variety of factors, including market conditions, risks associated with the cash requirements of the companys business and other risks identified in the companys most recent reports on Form 10-Q and Form 10-K filed with the
Jim Sullivan, CFO MoSys, Inc.+1 (408) 418-7500 firstname.lastname@example.org Beverly Twing, Sr.Acct. Manager Shelton Group, Investor Relations +1 (214) 272-0089 email@example.com