| go2net, Inc. | |||
| (www.go2net.com) | |||
| Ticker: | GNET | 1301 Fifth Avenue, Suite 3320 | |
| Exchange: | NASDAQ-Small Cap Market | Seattle, WA 98101 | |
| Industry: | High-Tech (SIC Code 7375) | (206) 447-1595 | |
| Type of Shares: | Common Shares | Filing Date: | 12/31/96 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 4/23/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $9.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.64 | |
| Offering Amount: | $12,800,000 | Selling: | $0.32 | |
| Expenses: | $200,000 | Reallowance: | $0.10 | |
| Shares Out After: | 4,157,100 |
| Manager | Tier | Phone |
| Maxwell Capital, Inc. | Lead Manager |
| Issuer's Law Firm: | Hutchins Wheeler & Dittmar |
| Bank's Law Firm: | Graham & Dunn |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 8 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/96 | 9/30/96 | ||||
| Revenue: | $0.00 | Assets: | $1.07 | ||
| Net Income: | -$0.42 | Curr Assets: | |||
| EPS: | -$0.16 | Liabilities: | $0.05 | ||
| Prior EPS: | -$0.36 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $1.02 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an interactive technology and media company that provides through its Internet site proprietary content and commodity information relating to business and finance, sports and the Internet. In addition, the company offers a search/index guide that combines various existing search/index guides into one guide and a Java-based desktop content delivery system. The company focuses its editorial, design and programming resources on developing proprietary content that seeks to be original, entertaining, informative and compelling. The company's Internet site seeks to attract what the company believes is the typical Internet user of today (18 to 39 years old, middle-to upper-middle class and college-educated) and the advertisers wishing to reach this target market. The company launched its Internet site on November 7, 1996. The company's Internet site is located at, URL: http://www.go2net.com/.. The company's objective is to be a leading provider of content on the World Wide Web, specifically in the areas of business and finance, sports and the Internet, complemented by technologies such as search/index guides and Java-based desktop content delivery systems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, capital expenditures, and other general corporate purposes. |