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VirnetX Files At-the-Market Equity Offering

By August 21, 2015Press Releases

Zephyr Cove, Nev., August 21, 2015 — VirnetX Holding Corporation (NYSE MKT: VHC), an Internet security software and technology company (the “Company”), announced today that it has filed a universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (“SEC”). The universal shelf registration statement is intended to provide the Company with the flexibility to offer and sell from time to time up to $100 million of equity, debt or other types of securities described in the registration statement, or any combination of such securities. The Company has also entered into an at-the-market equity offering sales agreement with Cowen & Company, LLC, on August 20, 2015, under which VirnetX may offer and sell shares of its common stock having an aggregate value of up to $35 million through Cowen. VirnetX expects to use any proceeds from this offering for Gabriel product development and marketing, and general corporate purposes, which may include working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses.

Under the ATM equity offering sales agreement, sales of common stock, if any, through Cowen, will be made at market prices by any method that is deemed to be an “at the market” offering as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on the NYSE MKT and any other trading market for the common stock, and sales to or through a market maker other than on an exchange.

The common stock will be offered under the universal shelf registration statement. Any offer, solicitation or sale will be made only by means of the prospectus included in the shelf registration statement. Current and potential investors should read the prospectus in the registration statement relating to the at-the-market offering and other documents the company has filed with the SEC for more complete information about VirnetX and the at-the-market offering program.

A copy of the prospectus relating to these securities may be obtained by contacting Investor Relations at the phone number or email address below.

A registration statement relating to these 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 press release does not constitute an offer to sell or a solicitation of an offer to buy, nor may there be any sale of VirnetX’s common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any state or jurisdiction.

About VirnetX

VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE security. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology™, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smart phones, eReaders and video conferencing. The Company’s patent portfolio includes over 112 U.S. and international patents and over 75 pending applications. For more information, please visit

Investor Relations
VirnetX Holding Corporation