BEVERLY HILLS, Calif., April 23, 2013 — Spark Networks, Inc. (NYSE MKT: LOV), a leading niche-focused, global media company with brands that build and strengthen the communities they serve, today announced that it intends to offer, subject to market and other conditions, 2,140,000 shares of its common stock. Great Hill Partners, LLC and its affiliates, as a selling stockholder, also intends to sell 3,570,000 shares of common stock for a total offering amount of 5,710,000 shares. Great Hill Partners, LLC and its affiliates have granted the underwriters a 30-day option to purchase an additional 856,500 shares of common stock to cover over-allotments, if any. Spark Networks currently intends to use its net proceeds from this offering for general corporate purposes, which may include working capital, sales and marketing activities and general and administrative matters. The company may also use a portion of its net proceeds to acquire or invest in complementary businesses, technologies, or other intellectual property, although it has no present commitments or agreements to do so. Spark Networks will not receive any proceeds from the sale of common stock by the selling stockholder. William Blair and Stifel are acting as joint book-running managers and Canaccord Genuity is acting as co-manager for the offering.
The public offering of common stock will be made only by means of a prospectus and prospectus supplement pursuant to Spark Networks’ effective shelf registration statement filed with the Securities and Exchange Commission. A copy of the prospectus supplement and base prospectus relating to the offering may be obtained from the offices of William Blair & Company at 222 West Adams Street, Chicago, IL 60606; Attention: Prospectus Department or by email at firstname.lastname@example.org or by phone at (800) 621-0687 and Stifel, Nicolaus & Company at One Montgomery Street, San Francisco, CA 94104; Attention: Syndicate Desk or by email at email@example.com or by phone at (415) 364-2720.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is unlawful.
About Spark Networks, Inc.:
The Spark Networks portfolio of consumer websites includes, among others, JDate®.com (www.jdate.com), ChristianMingle®.com (www.christianmingle.com), Spark®.com (www.spark.com), BlackSingles.com® (www.blacksingles.com), and SilverSingles®.com (www.silversingles.com).
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Laura Foster, Kimberly Esterkin