ORBCOMM 8-K 2014
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 17, 2014
(Exact Name of Registrant as Specified in Charter)
395 W. Passaic Street
Rochelle Park, New Jersey 07662
(Address of Principal Executive Offices) (Zip Code)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
INFORMATION TO BE INCLUDED IN THE REPORT
On January 17, 2014, ORBCOMM Inc. (ORBCOMM or the Company) entered into an underwriting agreement (the Underwriting Agreement) with Raymond James & Associates, Inc., as representative of the several underwriters listed on Schedule I to the Underwriting Agreement (the Underwriters), in connection with the Companys issuance and sale of 6,325,000 shares (including 825,000 shares being issued and sold pursuant to the Underwriters exercise of an over-allotment option) of common stock, par value $0.001 per share, of the Company in an underwritten registered public offering pursuant to the registration statement on Form S-3 (Registration Statement No. 333-180755) filed by the Company with the Securities and Exchange Commission and the prospectus dated May 1, 2012, as supplemented by the final prospectus supplement dated January 17, 2014.
The Underwriting Agreement contains representations, warranties and agreements of the Company, conditions to closing, indemnification and contribution rights and obligations of the parties, termination provisions and other terms and conditions, in each case, that are customary in agreements of this type. The issuance and sale of the shares closed on January 23, 2014. The net proceeds to the Company from the offering, after deducting Underwriters discounts and commissions and other estimated offering expenses payable by the Company, were approximately $36.7 million.
The above description of certain terms and conditions of the Underwriting Agreement is qualified by reference to the full text of the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1, and is incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.