Issuer of common stock:
|
Sirius Satellite Radio Inc., a Delaware corporation (“Sirius”). | |
Issue:
|
Common stock, $0.001 par value per share | |
Aggregate Number of Shares:
|
262,399,983 | |
Shares Offered at Fixed Price:
|
183,679,988 | |
Shares to be Offered on a
Delayed Basis at Prevailing
Market Prices at the Time of
Sale or at Negotiated Prices:
|
78,719,995 | |
Total Sirius shares outstanding at 6/30/08: |
1,501,131,817 | |
Sum of total Sirius shares
outstanding at 6/30/08 and
Common Stock offered:
|
1,763,531,800 | |
Fixed Price for Shares in Fixed Price Offering: |
$1.50 per share | |
Joint Underwriters:
|
Morgan Stanley & Co.
Incorporated UBS Securities LLC |
|
Trade Date:
|
July 28, 2008 | |
Settlement Date:
|
August 1, 2008 | |
Form of Offering:
|
Registered offering of common stock lent by Sirius to affiliates of the underwriters. | |
Closing Conditions:
|
Consummation of the offering is conditioned upon completion of the merger and the consummation of the concurrent private offering of $550 million of 7% exchangeable senior subordinated notes due 2014 issued by XM Satellite Radio Inc. and exchangeable for Sirius common stock at an exchange rate of 533.3333 shares per $1,000 principal amount of notes, as well as additional customary conditions. | |
Use of Proceeds:
|
Sirius will receive no proceeds from the offering of the shares. | |
Listing:
|
NASDAQ Global Select Market | |