Friday, December 18, 2009 3:48:00 PM
the new CUSIP number for the Company’s common stock will be 53837P201
Livewire Mobile will trade under the symbol “LVWRD” for 20 business days after which time the symbol will revert back to "LVWR"
+The reverse stock split will automatically combine every ten shares of LiveWire Mobile common stock into one share of common stock. As of today, there were approximately 46 million shares of LiveWire Mobile common stock outstanding. After giving effect to the reverse stock split, there will be approximately 4.6 million shares outstanding. No fractional shares will be issued in connection with the reverse stock split. Instead, the Company’s transfer agent will aggregate all of the fractional shares that otherwise would have been issued as a result of the reverse stock split and sell those shares. Stockholders who would otherwise hold a fractional share of LiveWire Mobile common stock will receive a cash payment in lieu of such fractional share equal to their pro rata share of the proceeds of such sales received by the transfer or exchange agent.
Outstanding stock incentive awards and the Company’s treasury stock will also be adjusted to give effect to the reverse split and the shares available for future grants will be proportionately reduced. The number of authorized shares of the Company’s capital stock will not be proportionately reduced and will remain unchanged.
Instructions and a letter of transmittal relating to the reverse stock split will be mailed to holders of certificates representing pre-split common stock.
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