| Piranha Interactive Publishing, Inc. | |||
| Ticker: | PRAN | 1839 West Drake, Suite B | |
| Exchange: | NASDAQ-Small Cap Market | Tempe, AZ 85283 | |
| Industry: | Manufacturing (SIC Code 7372) | (602) 491-0500 | |
| Type of Shares: | Common Shares | Filing Date: | 12/23/96 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 9/18/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.47 | |
| Offering Amount: | $8,800,000 | Selling: | $0.26 | |
| Expenses: | $515,000 | Reallowance: | $0.10 | |
| Shares Out After: | 2,400,000 |
| Manager | Tier | Phone |
| D.H. Blair & Co Inc. | Lead Manager | (212) 495-4306 |
| Issuer's Law Firm: | Squire, Sanders & Dempsey |
| Bank's Law Firm: | Bachner, Tally, Polevoy & Misher |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $1.34 | $0.40 | $0.47 | Assets: | $0.26 |
| Net Income: | $0.11 | -$0.44 | -$0.03 | Curr Assets: | |
| EPS: | $0.26 | -$0.08 | -$0.08 | Liabilities: | $0.63 |
| Prior EPS: | -$0.01 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | -$0.37 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company publishes interactive multimedia software products providing education and entertainment as well as reference and personal productivity titles for the home personal computer market. The company generally licenses software programs being developed by developers in finishing the programs being developed by independent third party developers. The company then directs and assists the developers in finishing the programs according to its specifications, imprints and duplicates the programs in a media format, packages them in a proprietary manner, and markets and distributes the finished products under the Piranha name as well as proprietary titles whenever possible. Since the release of its first title in August 1995, the company has licensed five titles under its own label. In addition, the company has marketed 13 titles under affiliate relationships with two third party publishers pursuant to revenue-sharing agreements. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of Notes issued pursuant to the Bridge Financing, acquisition of software programs, sales and marketing costs, including salaries for additional personnel, and working capital. |
| # of Units: | 1,200,000 | |||
| Unit Ticker: | - | Unit Price: | ||
| Warrant Ticker: | XXXXX | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Class A Warrant + 1 Class B Warrant |
| Warrant Entitlement: 1 Common Share |
| # of Units: | 1,200,000 | |||
| Unit Ticker: | - | Unit Price: | ||
| Warrant Ticker: | ZZZZZ | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Class A Warrant + 1 Class B Warrant |
| Warrant Entitlement: 1 Common Share |