Print Mail
Text Size A A A

Press Releases

  • They understood what we needed and helped us get there every step of the way. Now our culture has changed and our students are soaring.

Scientific Learning Announces Filing of Registration Statement for a Secondary Offering of Common Stock

5/18/07

Media Contact:
Jessica Lindl
Vice President of Marketing
Scientific Learning Corporation
(510) 625-6784
jlindl@scilearn.com

Investor Contact:
Jane A. Freeman
Senior Vice President and CFO
Scientific Learning Corporation
(510) 625-2281
investorrelations@scilearn.com

Oakland, CA, May 18, 2007—Scientific Learning Corporation (NASDAQ: SCIL) announced today the filing with the Securities and Exchange Commission of a registration statement on Form S-1 pursuant to which Warburg, Pincus Ventures, L.P. intends to offer 7,661,638 shares of common stock. Certain other stockholders intend to grant to the underwriters of the offering an option to purchase up to 200,000 additional shares of common stock to cover over-allotments. Scientific Learning is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.

ThinkEquity Partners LLC will serve as bookrunning lead manager for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission 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 news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction. The registration statement on Form S-1 is available on the Securities and Exchange Commission's website at http://www.sec.gov.

When they become available, copies of the prospectus for the offering may be obtained from ThinkEquity Partners LLC, 600 Montgomery Street, 8th Floor, San Francisco, CA 92123 or prospectus@thinkequity.com

About Scientific Learning Corporation

Scientific Learning produces the patented Fast ForWord® family of products, a series of computer-delivered intervention products that build learning capacity by developing the neurocognitive skills required to read and learn effectively.

This press release contains statements that are forward-looking statements that are subject to the safe harbor created by the federal securities laws. These forward-looking statements include the intention of certain shareholders to offer and sell common stock. These forward-looking statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements. Actual events or results may differ materially as a result of many factors, including but not limited to the risk that the underwriters or selling stockholders decide to not proceed with or consummate the proposed offering due to general economic conditions, stock market conditions, or otherwise

See all press releases