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This excerpt taken from the WEN 10-K filed Apr 3, 2006. Note 9: Public Offering On October 1, 2003, the Company and certain selling stockholders completed a follow-on public offering of 5.0 million shares of common stock at $11.00 per share, of which 3.0 million shares were offered by the Company and 2.0 million shares were offered by selling stockholders. The proceeds to the Company, net of the underwriters’ commissions and offering expenses of $2.9 million, approximated $30.1 million. In addition, the Company received approximately $0.5 million from the exercise of options and warrants relating to shares
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offered by certain selling stockholders. The Company did not receive any of the proceeds from the 2.0 million shares offered by the selling
stockholders. On October 21, 2003, the underwriters of the follow-on public offering exercised in full and closed the sale of their
over-allotment option to purchase an additional 750,000 shares of the Company’s common stock at $11.00 per share, less the applicable underwriting discount, all of which represented shares offered by selling shareholders. The Company received
approximately $29,000 from the exercise of options relating to certain shares included in the over-allotment option. The Company did not receive any proceeds from the sale of the additional shares. |
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