Marchex and Edenbrook Capital Announce Results of Tender Offer for up to 10 Million Shares of Class B Common Stock of Marchex
SEATTLE–(BUSINESS WIRE)–Oct 8, 2020–
Marchex (NASDAQ: MCHX), a leading conversational analytics company that connects the voice of the customer to your business, announced today the results of joint and equal tender offer with Edenbrook Capital, LLC of up to 10 million shares of Marchex’s Class B common stock (the “ Shares ”) at $2.15 per share and conditioned on a minimum of 3 million shares being properly tendered (the “ Offer ”), which expired at 11:59 p.m., New York City time, on October 7, 2020.
Based on the count by Equiniti Trust Company, the depositary and paying agent for the Offer (the “ Depositary and Paying Agent ”), a total of 10,552,160 shares were properly tendered and not properly withdrawn at $2.15 per share, including 86,461 shares that were tendered through notices of guaranteed delivery.
Due to the tender offer being oversubscribed, Marchex and Edenbrook Capital will accept for payment