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Article Excerpt
KING OF PRUSSIA, Pa., May 26 /PRNewswire-FirstCall/ -- GSI Commerce Inc. today announced that its registration statement with the Securities and Exchange Commission related to the public offering of its common stock and a new series of 20-year convertible notes was declared effective.
The registration statement relates to the offering of 1,791,914 shares of the company's common stock to be sold by the company and 1,915,555 shares of common stock to be sold by selling stockholders, including Michael Rubin, chairman and CEO of the company, SOFTBANK Capital Partners and Rustic Canyon Ventures. The shares were priced at $14.84 per share. In addition, up to an additional 556,120 shares may be sold by the company and certain selling stockholders if...
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