Digital Trends
“Lindows Inc., which is the process of changing its name to Linspire as part of a worldwide settlement reached in its trademark infringement case with Microsoft, is keeping its S-1 registration statement on file with the SEC (Securities and Exchange Commission). Because of this, the company may still proceed with an IPO later.
In its S-1, Lindows had stated that it intended to issue 4.4 million shares at $9 to $11 a share, which could raise as much as $48.4 million.”
“The legal wrangle, disclosed in a filing with the U.S. Securities and Exchange Commission on Wednesday, comes ahead of Google’s highly anticipated initial public offering (IPO) that could raiseas much as $3.3 billion and has been expected as early as next Wednesday.
The company said it sold 23.2 million shares to 1,105 current and former employees and consultants and granted an additional 5.6 million stock options to 301 people. The transactions took place between September 2001 and June 2004 and were not registered, as required by law, Google said. “
Read more at Reuters
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