LiveDeal just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
424B5 1 livedeal_424b5.htm 424B5 FILED PURSUANT TO RULE 424(b)(5) REGISTRATION NO. 333-193971 PROSPECTUS SUPPLEMENT (to Prospectus dated April 10, 2014) 10,000,000 Shares Common Stock We have entered into an engagement agreement with Chardan Capital Markets, LLC relating to the sale of shares of our common stock offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the engagement agreement, we may offer and sell up to a maximum aggregate amount of 10,000,000 shares of our common stock, $0.001 par value per share, from time to time through Chardan, acting as agent. Our common stock is traded on The NASDAQ Capital Market under the symbol “LIVE.” The last reported sale price of our common stock on May 19, 2014 was $2.99 per share. Sales of our common stock, if any, under this prospectus supplement and the accompanying prospectus will be made by any method permitted that is deemed an “at the market” offering as defined in Rule 415 under the Securities Act of 1933, as amended, or the Securities Act, including by means of ordinary brokers’ transactions at market prices, in block transactions or as otherwise agreed by Chardan and us. Chardan will act as our sales agent using commercially reasonable efforts consistent with its normal trading and sales practices. There is no arrangement for funds to be received in any escrow, trust or similar arrangement. Chardan will be entitled to compensation at a commission rate of up to 3% of the gross sales price per share sold. The net proceeds to us that we receive from sales of our common stock will depend on the number of shares actually sold and the offering price for such shares. We are limited to the sale of not more than 10,000,000 shares of our common stock pursuant to the engagement agreement. Based on the trading price of our common stock and because there is no minimum offering amount provided for under the engagement agreement, we may not be able to sell all 10,000,000
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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