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The Active Network, Inc. Message Board

  • bonkthegrups bonkthegrups Mar 7, 2012 11:39 AM Flag

    Canaan Partners - buy at $14.43, sell at $15.80?

    I see from the prospectus that Canaan bought shares in Aug 2008 for $14.43, and now they are dumping large at $15.80?

    That's a 2.6% annuualized return - is that all you're in thiis for?




    Series F Financing

    On August 22, 2008, we issued an aggregate of 6,395,761 shares of Series F preferred stock in a private placement transaction at a price per share of $14.43. Each share of Series F preferred stock outstanding immediately prior to the offering is convertible into one share of common stock. The following table summarizes the shares of Series F preferred stock purchased by executive officers, directors and five-percent or greater stockholders and their affiliated entities.




    Investors(1)
    Series F
    Preferred Stock
    Canaan Partners(2)
    820,163
    Stephen L. Green
    11,434
    ESPN(3)
    5,265,400
    TAO Venture Partners, LLC(4)
    6,930

 
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