CVSL Inc.[NYSE MKT: CVSL] said today that is has filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) to allow the Company to raise up to $100 million in incremental capital on an as-needed basis for acquisitions and general working capital.
The registration statement also includes a sales agreement prospectus that would allow for the sale of up to $25 million in at-the-market (ATM) offerings.
The registration statement has been filed, but has not yet become effective. At the present time, the Company has no specific plans to issue securities under the registration statement. If and when the registration statement is declared effective by the SEC, the Company will be able to offer and sell, from time to time, up to $100 million of securities such as common stock, preferred stock, debt securities, warrants, units or any combination thereof.
Following the effectiveness of the shelf registration statement, the Company may periodically offer one or more of the registered securities in amounts, at prices, and on terms to be announced when, and if, the securities are offered. The terms of any securities offered under the registration statement, and the intended use of the net proceeds resulting therefrom, will
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ACN Grows By More Than $100 Million In A Single Year!
by Nicole Dunkley • • 0 Comments
While working on its annual Global 100 list which recognizes the top 100 direct selling companies in the world, Direct Selling News, the direct selling industry’s premier publication, discovered that ACN Inc., along with only a handful of other companies, grew by over $100 million in a single year.
In fact ACN grew by an incredible $118 million, going from $582 million in revenue in 2012 to $700 million in 2013 – making ACN the 20th largest direct selling company worldwide.
Direct Selling News explains that “very few companies in any industry ever achieve a growth of $100 million or more, much less in a single year,” making this an incredibly rare achievement.
They further stated that, “Not only have they achieved and exceeded a mark that less than one-half of 1 percent ever reach, they have duplicated that effort in a one-year time frame!”
Direct Selling News also noted that ACN, along with the other companies who reached this milestone, share 5 practices that help the company to be successful:
1. Tremendous focus on our brand and product
2. Utilizing tools for our salesforce
3. Investing in customer acquisition
4. Emphasizing personal development in our culture
5. Focusing on developing strong leaders