This excerpt taken from the MRVL 10-Q filed Sep 10, 2008.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the three months ended August 2, 2008, we issued 1,678,735 common shares as a result of the exercise of warrants at an exercise price of $4.60. We received an aggregate $2,410,752.68 from the issuance of 523,792 common shares exercised pursuant to the foregoing warrants. The remaining 1,154,943 common shares were exercised by net issuance from warrants that were exercisable for 1,578,247 common shares. The issuance of these common shares was considered to be exempt from registration under the Securities Act in reliance on Section 4(2) promulgated thereunder as a transaction not involving any public offering.