NextWave Wireless S-1 Shelf Registration Declared Effective by SEC
January 04 2007 - 4:49PM
PR Newswire (US)
Registers Shares Underlying Warrants Issued in Connection With $350
Million Debt Financing Completed in July 2006 SAN DIEGO, Jan. 4
/PRNewswire-FirstCall/ -- NextWave Wireless Inc. (NASDAQ:WAVEV)
announced today that its Form S-1 shelf registration, filed on
December 18, 2006, was declared effective by the Securities and
Exchange Commission on December 29, 2006. The S-1 was filed by
NextWave pursuant to its obligation to register 4,109,744 shares of
NextWave Wireless common stock underlying warrants issued by the
company in connection with the sale of $350 million of Senior
Secured Notes ("Notes") in July 2006. NextWave Wireless Inc., which
began trading on the NASDAQ Global Market on January 3, 2007, will
not receive any proceeds from the sale, by warrant holders, of any
of the 4.1 million shares registered in the S-1 declared effective
by the SEC on December 29th. About NextWave Wireless Inc. NextWave
Wireless is engaged in the development of next-generation mobile
broadband and wireless multimedia products, technologies, and
services for mobile device and network infrastructure manufacturers
and for wireless service operators. Founded in 2005 and comprised
of highly experienced wireless industry veterans from AT&T
Wireless, Intel, Microsoft, Motorola, Nokia, QUALCOMM, and Texas
Instruments, NextWave Wireless develops WiMAX semiconductors,
network components and complete wireless LAN/WAN network solutions.
Its PacketVideo subsidiary, a global provider of embedded
multimedia software for mobile phones and converged devices,
provides a wide range of multimedia solutions to many of the
leading wireless carriers and handset manufacturers worldwide.
NextWave has acquired a nationwide spectrum footprint in the U.S.
that covers 247 million people and owns nationwide WiMAX spectrum
in Germany through a majority-controlled joint venture. The Company
intends to partner with companies to deploy next-generation
wireless broadband networks on its spectrum that utilizes its
next-generation wireless broadband products and technologies. Visit
NextWave Wireless at http://www.nextwave.com/ Note Regarding
Forward-Looking Statements This press release contains
"forward-looking statements" for purposes of the Private Securities
Litigation Reform Act of 1995 that involve risks and uncertainties.
There can be no assurances that forward-looking statements will be
achieved, and actual events or results could differ materially from
the events or results predicted or from any other forward-looking
statements made by, or on behalf of, NextWave, and should not be
considered as an indication of future events or results. Important
factors that could cause actual events or results to differ
materially include: our ability to develop and commercialize mobile
broadband products and technologies; consumer acceptance of WiMAX
technology; our ability to enter into and maintain network partner
relationships; changes in government regulations; changes in
capital requirements; and other risks described in filings with the
Securities and Exchange Commission. These risks and uncertainties,
as well as others, are discussed in greater detail in the filings
of NextWave with the Securities and Exchange Commission. All such
documents are available through the SEC's website at
http://www.sec.gov/. NextWave makes no commitment to revise or
update any forward-looking statements in order to reflect changes
in events or circumstances after the date any such statement is
made, except as may be required pursuant to applicable law.
DATASOURCE: NextWave Wireless Inc. CONTACT: Roy Berger of NextWave
Wireless Inc., +1-203-742-2572, Web site: http://www.nextwave.com/
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