FOTV aims to price $34.5 million IPO of 3.75 million shares at $8.00

Underwriters Bonwick Capital Partners, Network 1 Financial to assist

By Devika Patel

Knoxville, Tenn., July 5 – FOTV Media Networks Inc. will sell 3.75 million common shares in its initial public offering with a greenshoe of 562,500 additional shares, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission. The company has registered up to $34.5 million of stock for the deal and must sell a minimum of 2.5 million shares.

The shares will be sold at an expected price of $8.00 per share.

Bonwick Capital Partners LLC and Network 1 Financial Securities, Inc. are the underwriters and co-managers.

Proceeds will be used for internet video content acquisitions, buying and aggregating complementary businesses, sales, marketing and promotion activities, working capital and general corporate purposes.

The provider of streaming video, audio and other digital media content is based in Beverly Hills, Calif. The company intends to list its common stock on the Nasdaq under the symbol “FOTV.”

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