Clearwire said it will use the net proceeds for general corporate purposes and working capital purposes.
The net proceeds post-tax are expected to be 5.3% lower than previously planned.
This tax, which has been proposed by the International Monetary Fund staff, is levied only on net proceeds of securities transactions.
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The Company intends to use the net proceeds of the offering, along with cash on hand, primarily to repay outstanding indebtedness.
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Under their contracts, the actors were supposed to receive 5% of net proceeds, or 2.5% if their images were used in a group, the lawsuit states.
Silver Bay intends to use the net proceeds of the offering to purchase additional single-family properties, to renovate such properties for rental to tenants and for working capital.
We plan to use the net proceeds that we receive in this offering for working capital and general corporate purposes, including possible acquisitions of, or investments in, businesses, technologies or other assets.
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Cell Therapeutics said it intends to use net proceeds from the offering for general corporate purposes, including paying interest on or retiring outstanding debt and funding research and development, preclinical and clinical trials, and the preparation and filing of new drug applications.
Sprint intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, redemptions or service requirements of outstanding debt, network expansion and modernization and potential funding of Clearwire Corporation and its subsidiary Clearwire Communications LLC.
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The Company plans to invest the net proceeds of the offering in accordance with its investment objective, which is to generate attractive risk-adjusted returns for investors by originating loans to privately held small-cap companies across a broad range of industries, and for general corporate purposes.
The net cash proceeds are prior to any adjustment for potential tax liabilities which are likely to arise from the sale of spectrum assets even after utilizing the existing net operating losses.
The only true test would be to see if any of the items valued were transacted within 24-36 months of the valuation (basically two to three cycles of the art market) and then compare the actual net auction proceeds to the heirs to the valuation by the Panel.
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While he could pay Ms. McCourt and the Fox Sports Net loan with proceeds from the sale of the Dodgers, legal experts said there is a good chance a sale might not be finalized by then.
To litigate against Ciba Vision, Rembrandt acquired a patent from husband and wife inventors Sing-Hsiung and Mei-Zyh Chang, in return for granting the Changs a net of 50% of the proceeds Rembrandt generates from the patent.
But there is no net cash at all if the sale proceeds are re-invested in fresh assets, yet the IRS will insist on levying a tax.
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The Cupertino, Calif. company cast a wide net when discussing its possible uses for the proceeds in a registration filing Monday with the Securities and Exchange Commission.
In this way one can either roll over to a new position as a matter of course, or get the cash value net of commissions before determining the best use of the proceeds.
In the months leading up to the vote, the RAND Corporation released two independent studies that examined the theory that California would realize a net benefit from legalization and see reductions in the illicit proceeds and violence associated with drug trafficking.
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