Clearwire (CLWR) Says Time Warner (TWC) Will Offer 46.4M Shares

Clearwire Corporation (Nasdaq: CLWR) announced the commencement of an underwritten public offering of 46.4 million shares of its Class A common stock by certain affiliates of Time Warner Cable Inc., which represents approximately 7.8% of the total outstanding Class A common stock and approximately 3.2% of the total outstanding Class A common stock and Class B common stock. Credit Suisse Securities (USA) LLC is acting as the sole underwriter for the offering. Clearwire will not receive any proceeds from the sale of the shares being sold by the selling stockholders.

The offering of these securities is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, via telephone: +1 (800) 221-1037, or by e-mail: [email protected].

Clearwire has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
• Direct Digital Holdings (DRCT) Receives Nasdaq Non-compliance Notice
• 10X Capital Venture Acquisition Corp. III (VCXB) Receives NYSE Notice Regarding Late Form 10-K Filing