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Washington - Feb 04, 2004 XM Satellite Radio Holdings Inc., reports it has closed the underwritten public offering of 20,000,000 shares of its Class A Common Stock, including 7,000,000 shares offered by the Company representing new financing, and 13,000,000 shares offered by certain selling shareholders. In addition, one of the selling shareholders granted the underwriters an option to purchase up to 3,000,000 additional shares to cover over allotments. The public offering price was $26.50 per share. XM is America's #1 satellite radio service. With more than 1.36 million subscribers today, XM is on pace to reach 2.8 million subscribers by the end of 2004. Broadcasting live daily from studios in Washington, D.C., New York City and Nashville, Tennessee at the Country Music Hall of Fame, XM's 2004 lineup includes more than 120 digital channels of choice from coast to coast: 68 music channels that will be 100% commercial-free beginning in February 2004, featuring hip hop to opera, classical to country, bluegrass to blues; 32 channels of premier sports, talk, comedy, children's and entertainment programming; and more than 20 channels of the most advanced traffic and weather information for major metropolitan areas nationwide. Affordable, compact and stylish XM satellite radio receivers for the home, the car, the computer and boom boxes for "on the go" are available from retailers nationwide. In addition, XM is available in more than 80 different 2004 car models. XM is a popular factory-installed option on more than 40 new General Motors models, as well as a standard feature on several top-selling Honda and Acura models. Community Email This Article Comment On This Article Related Links XM Radio SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
XM Satellite Radio Announces Public Offering
Washington - Jan 19, 2004XM Satellite Radio Holdings Inc. has announced the commencement of an underwritten public offering of 18,000,000 shares of its Class A Common Stock, including the offering of 7,000,000 shares by the Company representing new financing, and 11,000,000 shares by certain selling shareholders. |
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