Attached files
file | filename |
---|---|
EX-99.2 - PRESS RELEASE - Inuvo, Inc. | inuv_ex992.htm |
EX-10.1 - FORM OF UNDERWRITING AGREEMENT - Inuvo, Inc. | inuv_ex101.htm |
EX-5.1 - OPINION ON LEGALITY - Inuvo, Inc. | inuv_ex51.htm |
8-K - CURRENT REPORT - Inuvo, Inc. | inuv_8k.htm |
Exhibit 99.1
INUVO, INC. ANNOUNCES PROPOSED PUBLIC OFFERING OF COMMON
STOCK
LITTLE
ROCK, AR JULY 22, 2020 – INUVO, INC. (NYSE AMERICAN: INUV)
(“Inuvo” or the “Company”), a leading provider of marketing
technology, powered by IntentKeyTM artificial intelligence that
serves brands and agencies, today announced that it intends to
offer shares of its common stock for sale in an underwritten public
offering. As part of this offering, Inuvo intends to grant the
underwriters a 45-day option to purchase up to an additional
fifteen percent (15%) of the shares of common stock offered in the
public offering. The offering is subject to market
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the
offering. All of the shares in the proposed offering are to be sold
by Inuvo.
A.G.P./Alliance
Global Partners is acting as sole book-running manager for the
offering.
Inuvo
intends to use the net proceeds from this offering for working
capital and to fund other general corporate purposes.
This
offering is being made pursuant to an effective shelf registration
statement on Form S-3 (No. 333-239147) previously filed with the
U.S. Securities and Exchange Commission (the “SEC”)
that was declared effective by the SEC on June 25, 2020. A
preliminary prospectus supplement and accompanying prospectus
describing the terms of the proposed offering will be filed with
the SEC and will be available on the SEC’s website located at
http://www.sec.gov. Electronic copies of the preliminary prospectus
supplement may be obtained, when available, from A.G.P./Alliance
Global Partners, 590 Madison Avenue, 28th Floor, New York, NY
10022 or via telephone at 212-624-2006 or email: prospectus@allianceg.com.
Before investing in this offering, interested parties should read
in their entirety the prospectus supplement and the accompanying
prospectus and the other documents that Inuvo, Inc. has filed with
the SEC that are incorporated by reference in such prospectus
supplement and the accompanying prospectus, which provide more
information about Inuvo, Inc. and such offering. The
final terms of the proposed offering will be disclosed in a final
prospectus supplement to be filed with the SEC.
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
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Inuvo
Inuvo®,
Inc. (NYSE American: INUV) is a market leader in artificial
intelligence, aligning and delivering consumer-oriented product
& brand messaging strategies online based on powerful,
anonymous and proprietary consumer intent data for agencies,
advertisers and partners. To learn more, visit
www.inuvo.com.
1
About the IntentKeyTM
Inuvo®’s
IntentKeyTM is a patented, machine-learning technology
designed to mirror the manner in which the human brain instantly
associates ideas, emotions, places, people, and objects. It creates
an accurate, high-definition picture of consumer intent and
sentiment related to a particular topic or item. Inuvo harnesses
the power of the IntentKeyTM to discover and reach high
volumes of incremental in-market and relevant audiences that are
hidden from typical marketing approaches. The
IntentKeyTM enables pinpoint media execution reaching
consumers throughout the purchasing funnel all the way to
conversion.
Forward-Looking Statements
This
press release includes certain “forward-looking
statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are intended to
qualify for the “safe harbor” from liability
established by the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact are
forward-looking statements. Forward-looking statements include,
without limitation, statements about the expected closing of the
offering; anticipated use of the net proceeds of the offering; and
other risks and uncertainties detailed in Inuvo, Inc.’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2019, as amended, our subsequent Quarterly Report on Form 10-Q for
the period ended March 31, 2020 and our other filings with the SEC.
Additionally, forward looking statements are subject to certain
risks, trends, and uncertainties including the continued impact of
Covid-19 on Inuvo’s business and operations. Inuvo cannot
provide assurances that the assumptions upon which these
forward-looking statements are based will prove to have been
correct. Should one of these risks materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those expressed or implied in any forward-looking
statements, and investors are cautioned not to place undue reliance
on these forward-looking statements, which are current only as of
this date. Inuvo does not intend to update or revise any
forward-looking statements made herein or any other forward looking
statements as a result of new information, future events or
otherwise. Inuvo further expressly disclaims any written or oral
statements made by a third party regarding the subject matter of
this press release.
Inuvo Company Contact:
Wally
Ruiz
Chief
Financial Officer
Tel
(501) 205-8397
wallace.ruiz@inuvo.com
Investor Relations:
KCSA
Strategic Communications
Valter
Pinto, Managing Director
Tel
(212) 896-1254
Valter@KCSA.com
2