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i2 Announces Filing of Registration Statement for Resale of Common Stock


Published on 2009-01-09 06:52:29, Last Modified on 2009-01-09 06:53:19 - Market Wire
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DALLAS--([ BUSINESS WIRE ])--i2 Technologies, Inc. (NASDAQ:ITWO) today announced that it has filed with the Securities and Exchange Commission a registration statement on Form S-1 to register for resale up to 5,942,801 shares of its common stock issuable upon conversion of the company's existing 2.5% Series B convertible preferred stock, par value $0.001 per share. i2 is not selling any shares of common stock in this offering and therefore will not receive any proceeds from any sale of securities offered by this registration statement. A registration statement on Form S-3 that i2 had previously filed relating to the preferred stock has been terminated in connection with the filing of this new registration statement.

The company is registering the shares of common stock offered under this registration statement to satisfy ongoing registration rights that were granted to the preferred stockholder in connection with the stockholder's purchase of the 2.5% Series B convertible preferred stock on June 3, 2004. The shares of common stock being registered for resale includes the number of common shares issuable upon conversion of the Series B convertible preferred stock (5,402,543 common shares) plus an additional 10 percent of such amount (540,258 common shares) as required by the registration rights agreement.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be resold prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About i2

Throughout its 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross-section of industries; 21 of the AMR Research Top 25 Global Supply Chains belong to i2 customers. Learn more at [ www.i2.com ].

i2 Cautionary Language

This press release contains forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2's registration statement on Form S-1 being declared effective by the Securities and Exchange Commission. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 and the Annual Report on Form 10-K for the year ended December 31, 2007. i2 expressly disclaims any current intention to update the forward-looking information contained in this news release.