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Aware, Inc. Announces Preliminary Results of Dutch Auction Tender Offer
In accordance with the terms and conditions of the tender offer, and based
on the preliminary count by
These results reflect that a total of approximately 3,696,072 shares of
common stock (including the associated preferred share purchase rights) were
validly tendered and not withdrawn at a price of
The number of shares to be purchased and the price per share under the tender offer are preliminary. Final results for the tender offer will be determined following the expiration of the guaranteed delivery period subject to confirmation by the depositary of the proper delivery of the shares validly tendered and not withdrawn. The actual number of shares to be purchased and the price per share will be announced following the completion of the confirmation process. Payment for the shares accepted for purchase, and return of all other shares tendered and not purchased, will commence promptly thereafter.
About
Aware is a leading technology supplier for the telecommunications and
biometrics industries. For more than ten years, Aware has pioneered
innovations at telecommunications standards-setting organizations and
continues to develop and market DSL silicon intellectual property and test and
diagnostics products. Its StratiPHY IP product line supports DSL
standards, including ADSL2+ and VDSL2, and has been broadly licensed to
leading semiconductor companies. Telecom equipment vendors and phone companies
use Aware's DSL test and diagnostics modules and Dr. DSL® software to help
provision DSL circuits globally. Aware is also a veteran of the biometrics
industry, providing biometric and imaging software components used in
government systems worldwide since 1992. Aware's interoperable,
standard-compliant, field-proven imaging products are used in a number of
applications, from border management to criminal justice to medical imaging.
Aware is a publicly held company (NASDAQ: AWRE) based in
Forward-Looking Statements
This press release contains forward-looking statements, including, among
others, statements relating to the results of the tender offer. These
statements, including their underlying assumptions, are subject to risks and
uncertainties and are not guarantees of future performance. Results may differ
materially due to various factors such as an unexpected number of shares
improperly tendered or withdrawn or other variations in the depositary's
preliminary count statements regarding the expected number of shares to be
purchased, the proration factor, and the price per share. For further details
of these risks, you should read our filings with the
The statements presented in this press release speak only as of the date of the release. Please note that except as required by applicable law we undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Aware, Dr. DSL and StratiPHY are trademarks or registered trademarks of
Any other trademarks appearing herein are the property of their respective owners.
SOURCE