Conexant files universal shelf registration statement

NEWPORT BEACH, USA: Conexant Systems Inc. has filed a universal shelf registration statement with the Securities and Exchange Commission (SEC).

When the shelf registration statement is declared effective by the SEC, Conexant will have the option to offer and sell, from time to time in one or more offerings, up to $100 million of common stock, preferred stock, debt securities, warrants to purchase any of these securities, or any combination of such securities.

Specific terms and share prices of any future offering under this registration statement will be established at the time of any such offering, and will be described in a prospectus supplement that Conexant will file with the SEC.

The company intends to use the net proceeds from the sale of securities under the shelf registration statement for general corporate purposes including, but not limited to, repaying, redeeming, or repurchasing existing debt, and for working capital, capital expenditures, and acquisitions.

A registration statement related to the securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and any prospectus supplement that may be issued with respect to such offering.

A copy of the final prospectus and prospectus supplement relating to any offering under the registration statement will be filed with the SEC and can be obtained, when available, by contacting Conexant Systems, Inc., Attention: Chief Financial Officer, 4000 MacArthur Boulevard, Newport Beach, California, 92660.