Ambient Corporation Files Registration Statement for
Public Offering of Common Stock
Newton, Mass., August 19, 2011 - Ambient Corporation (NASDAQ: AMBT), a leading provider of smart grid communications platforms and applications, today announced that it has filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed public offering of its common stock.
Stifel Nicolaus Weisel will act as book-running lead manager for the proposed offering. Needham & Company, LLC and ThinkEquity LLC will serve as co-managers.
The offering of these securities will be made only by means of a prospectus. When available, a copy of the preliminary prospectus relating to these securities may be obtained from Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by calling 415-364-2720.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
