Lee, MA
November 18, 2014

Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today that it has filed a $15 million shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The registration statement is subject to review by the SEC.

The shelf registration will allow Wave the flexibility to offer and sell, from time to time over three years, up to $15 million in aggregate value of its Class A common stock, preferred stock, warrants to purchase its Class A common stock or preferred stock, or a combination thereof.

Wave has no specific plans to offer securities under the registration statement at this time, however Wave may determine to offer securities any time in the future based on market conditions and company needs.  The terms of any offering by Wave under the registration statement would be established at the time of the offering and would be described in a prospectus supplement.

The registration statement has been filed with the SEC, but has not yet become effective. Any offers, solicitations of offers to buy, or sales of these securities will only be made once the shelf registration statement has been declared effective by the SEC, including any prospectuses and prospectus supplements. The securities may not be sold, nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release is not an offer to sell the securities covered by the shelf registration statement and it is not soliciting an offer to buy those securities in any state where the offer or sale is not permitted. The registration statement on Form S-3 may be accessed through the SEC’s website at http://edgar.sec.gov.

For more information please contact:

Wave Contact:
Wave Systems Corp.
Walter A. Shephard, CFO
413-243-1600
investors@wave.com

 

Investor Relations:
Catalyst Global LLC
David Collins, Chris Eddy
212-924-9800
wavx@catalyst-ir.com