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dELiA*s names Carter Evans as independent Director
17 Feb '06
3 min read
They look forward to benefiting from his guidance and insight as they focus their efforts on growing their brands and their businesses in order to create value for both their consumers and their shareholders."
Additionally, dELiA*s reported that it has completed its previously announced rights offering.
Stockholders exercised subscription rights to purchase 2,040,570 shares of dELiA*s common stock, of the 2,691,790 shares offered in the rights offering, at a subscription price of $7.43 per share, raising a total of $15,161,435.
The remaining 651,220 shares are expected to be purchased by MLF Investments, LLC or its affiliates, on or prior to February 24, 2006 at the same $7.43 per share, pursuant to the backstop agreement between dELiA*s and MLF, resulting in aggregate gross proceeds to the company of $20 million.
dELiA*s Inc is a direct marketing and retail company comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19.
It's brands - dELiA*s, Alloy and CCS - generate revenue by selling apparel, accessories, footwear, room furnishings and action sports equipment predominantly to teenage consumer through direct mail catalogs, websites and, for dELiA*s, mall-based specialty retail stores.
Additionally, dELiA*s reported that it has completed its previously announced rights offering.
Stockholders exercised subscription rights to purchase 2,040,570 shares of dELiA*s common stock, of the 2,691,790 shares offered in the rights offering, at a subscription price of $7.43 per share, raising a total of $15,161,435.
The remaining 651,220 shares are expected to be purchased by MLF Investments, LLC or its affiliates, on or prior to February 24, 2006 at the same $7.43 per share, pursuant to the backstop agreement between dELiA*s and MLF, resulting in aggregate gross proceeds to the company of $20 million.
dELiA*s Inc is a direct marketing and retail company comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19.
It's brands - dELiA*s, Alloy and CCS - generate revenue by selling apparel, accessories, footwear, room furnishings and action sports equipment predominantly to teenage consumer through direct mail catalogs, websites and, for dELiA*s, mall-based specialty retail stores.
dELiA*s Inc
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