DDi Corp. commences rights offering
Aug 24, 2005
DDi Corp. (Nasdaq: DDIC; the "Company") announced that it has set the record date for its previously announced rights offering. The Company will be distributing non-transferable rights to subscribe for and purchase up to 100,000,000 shares of its common stock to common stockholders of record as of August 23, 2005. In the offering, each common stockholder will have the right to subscribe for 3.63 shares of common stock (subject to reduction if holders of the Company's Series B Preferred Stock convert any of their shares into common stock prior to the expiration of the rights offering), at a subscription price of $0.75 per share, for each share owned on August 23, 2005.
Stockholders will be able to exercise their rights to purchase shares in the offering until 5:00 p.m. Eastern Time on September 16, 2005.
A copy of the prospectus relating to the rights offering meeting the requirements of Section 10 of the Securities Act of 1933 and additional materials relating to the rights offering are expected to be mailed on or about August 25, 2005 to common stockholders of the Company as of the record date. Common stockholders may also obtain a copy of the prospectus from the Information and Subscription Agent for the offering, Mellon Bank, N.A., c/o Mellon Investor Services LLC, 85 Challenger Road, Ridgefield Park, New Jersey 07660, Telephone: (866) 340-1581.