Dolan Media (DM) Files $200M Mixed Shelf

Dolan Media Company (NYSE: DM) today announced that it has filed with the Securities Exchange Commission a Form S-3 shelf registration statement intended to enable public offerings of up to $200 million.

The company does not have immediate plans nor current commitments to conduct an offering of the securities registered under the registration statement.

The securities could consist of any combination of the company's shares of common stock, shares of preferred stock, debt securities or warrants. The company will determine the specific terms of any future offering, including the securities to be sold, the price of those securities and the use of proceeds of any securities offered, at the time of the offering and will describe those terms in a prospectus supplement that the company will file at the time of the offering.

James P. Dolan, chairman, chief executive officer and president, said the filing was a strategic move intended to provide flexibility. "We decided to file the shelf registration statement now so that, after the SEC declares the registration statement effective, we would be able to offer and sell our securities when we need to raise capital, including when needed for acquisitions," Dolan said. "Once effective, we would be able to conduct one or more public offerings, from time to time, to sell up to $200 million of our securities to satisfy our capital needs."