Motricity (MOTR) Withdraws $192M Filing
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Motricity, Inc. (Nasdaq: MOTR) announced that they have requested that an S-1 be withdrawn by the U.S. Securities and Exchange Commission.
The company in consultation with the holder of a majority of the shares to be sold has determined not to move forward with the proposed public offering at this time.
On December 23, 2010, the company filed a registration for the sale of about $192 million shares of their common stock.
The company in consultation with the holder of a majority of the shares to be sold has determined not to move forward with the proposed public offering at this time.
On December 23, 2010, the company filed a registration for the sale of about $192 million shares of their common stock.
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