| Ticker: CYCH | 2100 Reston Parkway, Suite 430 | |
| Exchange: NASDAQ-National Market | Reston, Virginia 22091 | |
| Industry: High-Tech | (703) 620-4200 |
| Type of Shares: | Common Shares | Filing Date: | 12/22/95 | |
| U.S. Shares: | 2,400,000 | Offer Date: | 2/15/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 2,400,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.19 | |
| Offering Amount: | $38,400,000 | Selling: | $0.68 | |
| Expenses: | $550,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,267,382 |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 576-3423 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $0.00 | Assets: | $7.39 | ||
| Net Income: | -$10.01 | Liabilities: | $2.27 | ||
| EPS: | -$2.54 | Equity: | $5.11 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading developer of software and service solutions for secure, cost effective, convenient and rapid payments over the Internet. The company's system is designed to facilitate Internet commerce by enabling financial transactions between individuals, businesses, and financial institutions. By enabling Internet counterparts to existing credit card, check and cash payment methods and by designing its services to integrate with existing systems of financial institutions and businesses, the company believes that it is well positioned to capitalize on the emerging market for Internet commerce. The CyberCash solution is based on establishing a trusted link between the world of the Internet and the traditional banking world. The company's system will offer individuals and businesses three services, the Credit Card, Electronic Check and Electronic Coin services, which are designed to the Internet counterparts to credit card, check and low denomination cash payments. These services will be facilitated through the use of the company's software. |
| Use of Proceeds |
| The company intends to use the net proceeds from this offering for general corporate purposes, including working capital and capital expenditures. |
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