Internet Capital Group - Venture capital firm
Internet Capital Group
Company will distribute $0 43 per share to stockholders Radnor, PA – (June 21, 2018) – Actua Corporation announced today that it received additional cash proceeds of approximately $8 6 million in connection with purchase price adjustments related to the sale of FolioDynamix to Envestnet (NYSE: ENV) As a result, Actua will make a liquidating distribution of $0 43 per share to its stockholders of record as of June 25, 2018; payment of the liquidating distribution will be made on June 28, 2018
Actua intends to make additional liquidating distributions to its stockholders from time to time as it monetizes its minority assets However, Actua cannot predict with certainty the amount and timing of any additional liquidating distributions Based on the information currently available to it, Actua is revising its previously estimated aggregate additional distribution range from between $0 80 and $2 07 per share to between $1 06 and $1 97 per share, reflecting the receipt of $8 6 million from Envestnet in connection with the purchase price adjustments (after taking into account the $0 43 per share distribution announced today, the range would be between $0 63 and $1 54 per share)
Information regarding the sale of Actua’s minority assets and any future stockholder distributions will be publicly disclosed through Current Reports on Form 8-K and company press releases
Safe Harbor Statement under Private Securities Litigation Reform Act of 1995 The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the valuation of our remaining non-cash assets by analysts, investors and other market participants, the effect of economic conditions generally, developments in the markets in which our remaining minority-held businesses operate, the impact of any potential acquisitions, dispositions or other strategic transactions (including in connection with the negotiation, execution and consummation thereof), our ability to manage capital resources effectively, our ability to monetize our remaining minority investments and otherwise execute on our plan of dissolution, and other risks and uncertainties detailed in Actua’s filings with the SEC These and other factors may cause actual results to differ materially from those projected
555 East Lancaster Ave Suite 640 Radnor, PA 19087 T 610 727 6900 Actua (Nasdaq: ACTA), the multi-vertical cloud company, brings the power of the cloud to vertical markets and processes Actua is pioneering the second wave of the SaaS revolution – the vertical wave – by growing cloud businesses that are transforming their markets With approximately 700 employees delivering unrivaled domain knowledge, agility and responsiveness to our customers, Actua’s rapidly growing vertical cloud businesses are positioned to lead this wave For the latest information about Actua and its brands, please go to www actua com
