Contact Information: Contact: Steve Workman Chief Financial Officer 408-548-1000 Victoria McDonald Senior Manager, Corporate Communications 408-542-4261 investor.relations@Finisar.com
Finisar Corporation Files Universal Shelf Registration Statement
| Source: Finisar
SUNNYVALE, CA--(Marketwire - December 17, 2009) - Finisar Corporation (NASDAQ : FNSR ), a
technology leader in fiber optic solutions for high-speed networks, today
announced that it has filed a universal shelf registration statement on
Form S-3 with the U.S. Securities and Exchange Commission ("SEC"). The
shelf registration statement, when declared effective by the SEC, will
provide Finisar with the flexibility to offer and sell from time to time in
the future, in one or more public offerings, up to $100 million of common
stock, preferred stock and/or warrants to purchase any of these securities.
The net proceeds from the sale of the securities may be used for general
corporate purposes, including acquisitions, capital expenditures and
repayment of debt. The specifics of any potential future offering, along
with the prices, terms and use of proceeds of any securities offered by the
Company, will be determined at the time of the offering and will be
described in a prospectus supplement.
"Since we have recently completed several transactions designed to
strengthen our balance sheet, we have no immediate plans to offer
additional securities," said Jerry Rawls, Finisar's executive Chairman of
the Board. "And while there are no discussions of a strategic nature
currently underway, having a shelf registration statement in place will
allow us the flexibility to act on an expedited basis to take advantage of
strategic opportunities should they arise."
The shelf registration statement has been filed with the SEC, but has not
yet become effective. These securities may not be sold nor may offers to
buy these securities be accepted prior to the time the registration
statement becomes effective. This press release shall not constitute a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities law of any such jurisdiction. Any offer of these securities
will be made solely by means of the prospectus included in the registration
statement and any prospectus supplement that may be issued with respect to
such offering.
SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
The statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of Section 21E
of the Securities Exchange Act of 1934, as amended. Forward-looking
statements involve risks and uncertainties which are, in some cases, beyond
Finisar's control. Such risks include, but are not limited to, the risk
that the shelf registration statement may not be declared effective by the
SEC.
ABOUT FINISAR
Finisar Corporation (NASDAQ : FNSR ) is a global technology leader for fiber
optic subsystems and network test systems that enable high-speed voice,
video and data communications for networking, storage, wireless, and cable
TV applications. For more than 20 years, Finisar has provided critical
optics technologies to system manufacturers to meet the increasing demands
for network bandwidth and storage. Finisar is headquartered in Sunnyvale,
California, USA with R&D, manufacturing sites, and sales offices worldwide.
For additional information, visit www.finisar.com.