Below is a list of WAVX funding back to August 2004. It is interesting to note that the current funding is among the lowest and comes over a year since the last one. Previous fundings in this list ran at 3-6 month intervals. To me this indicates that this is the last one and that earnings will ramp quickly:
2004 Aug 2, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon a $3 million private placement of Class A common stock with an accredited investor. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell approximately 3.5 million shares of Class A common stock at a price of $0.85 per share. The transaction is intended to fund Wave Systems' ongoing operations and general corporate overhead.
(IHub #49075, 8/2/04)
2004 Dec 17, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of approximately $5.8 million of Class A common stock with accredited investors. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell 5,484,790 shares of Class A common stock at a price of $1.05 per share. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead. Pursuant to the order, Wave will receive approximately $80,000 within thirty days.
(IHub #60802, 12/17/04)(IHub #61621, 12/20/04)
2005 Mar 16, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of approximately $4.1 million of Class A common stock with accredited investors. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell 4,659,090 shares of Class A common stock at a price of $0.88 per share. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead.
(IHub #73727, 3/16/05)
2005 Aug 8, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of $3.6 million of Class A common stock with accredited investors. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell 4,000,000 shares of Class A common stock at a price of $0.90 per share. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead.
(AP, 8/8/05)
2005 Dec 5, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of $3.5 million of its Class A common stock to accredited investors. Pursuant to the financing, Wave Systems has agreed to sell 5,982,905 shares of Class A common stock at a price of $0.585 per share as well as warrants to purchase 1,093,750 shares of the company's common stock within six months at an exercise price of $0.80 per share. If exercised in their entirety, the warrants would generate an additional $875,000 in gross proceeds to Wave. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004.
(IHub #103232, 12/5/05)
2006 Feb 15, Wave entered into a securities purchase agreement, pursuant to which Wave agreed to sell and issue 8,348,597 shares of Class A Common Stock, par value $.01 per share for $0.535 per share, to certain purchasers who are parties to the Purchase Agreement (the “Purchasers”) for an aggregate purchase price of $4,466,500. The Purchasers were also granted warrants (the “Warrants”) to purchase up to 1,550,868 shares of Class A common stock at an exercise price of $0.72. The Warrants are exercisable for a period of six months following the date of issuance. Each Warrant is subject to cancellation if the closing bid price of Wave’s common stock exceeds $0.86 for 10 out of 20 consecutive trading days and the Warrant has not been exercised by the close of business on the trading day after the 10th trading day on which the closing bid price exceeds $0.86.
(IHub #120857, 5/11/06)
2006 May 4, Wave Systems Corp., a developer of trusted computing solutions and services, announced that it has agreed to sell 6,037,500 shares of its Class A common stock at a price of $0.80 per share for gross proceeds of $4,830,000. The sale is expected to be completed on Friday, May 5, 2006. The net proceeds of the financing - approximately $4.6 million - will be used to fund Wave's ongoing operations and transition from development stage to commercial operations.
(IHub #119592, 5/4/06)
2006 Aug 7, Wave Systems Corp., a developer of trusted computing solutions and services, announced that on Friday, August 4, 2006, it agreed to sell 2,336,752 shares of its Class A common stock at a price of $2.05 per share for gross proceeds of $4,790,342. The net proceeds of the financing - approximately $4.5 million - will be used to fund Wave's ongoing operations. Steven Sprague, CEO of Wave Systems, commented: "This financing helps to solidify our capital position and provides funding needed to support our operations.
(IHub #127,529, 8/7/06)
2006 Oct 31, Wave Systems Corp., a developer of trusted computing solutions and services, announced that on Monday, October 30, 2006, it agreed to sell 3,517,230 shares of its Class A common stock at a price of $2.73 per share – the closing price on Friday, October 27th, - for gross proceeds of $9,602,038. The net proceeds of the financing, approximately $9.1 million, will be used to fund Wave’s ongoing operations.
(IHub #131,964, 10/31/06)
2007 May 24, Wave Systems Corp., a developer of trusted computing solutions and services, announced that it has agreed to sell 7,317,073 shares of its Class A common stock at a price of 2.05 per share, yielding gross proceeds of approximately $15 million. The net proceeds of the financing, approximately $14.2 million, will be used to fund Wave's ongoing operations.
(IHub #145,092, 5/24/07)
2008 Mar 3, Wave Systems Corp., a leading developer of trusted computing solutions and services, announced that it has agreed to sell 3,173,500 shares of its Class A common stock at a price of $1.10 per share, yielding gross proceeds of approximately $3.5 million. Investors in the private placement will also receive five-year warrants to purchase an aggregate of 952,050 shares of Wave’s Class A Common Stock for $1.15 per share. The net proceeds of the financing, approximately $3.3 million, will be used to fund Wave’s ongoing operations.
(IHub #159,851, 3/2/08)
