Technology News

Demand Media Files $250 Million Shelf Registration

Monday, August 27, 2012 5:01:00 AM PDT | VentureDeal

  Santa Monica, California  --  Demand Media (NYSE: DMD) announced that it has filed a $250 million shelf registration statement with the SEC.

Demand Media said that the company will not receive any proceeds from the sale of common stock by selling stockholders, which will be named in a prospectus supplement at a future date.

The shelf filing is intended to give the company flexibility to finance business opportunities as well as providing stockholders with additional liquidity.

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