Principles of Corporate Finance_ 12th Edition

APPENDIX ● ● ●

406 Part Four Financing Decisions and Market Efficiency

bre44380_ch15_379-409.indd 406 09/11/15 07:56 AM

Marvin’s New-Issue Prospectus^48

PROSPECTUS

900,000 Shares

Marvin Enterprises Inc.

Common Stock ($.10 par value)

Of the 900,000 shares of Common Stock offered hereby, 500,000 shares are being sold by the

Company and 400,000 shares are being sold by the Selling Stockholders. See “Principal and Sell-

ing Stockholders.” The Company will not receive any of the proceeds from the sale of shares by

the Selling Stockholders.

Before this offering there has been no public market for the Common Stock. These securities

involve a high degree of risk. See “Certain Considerations.”

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECU-

RITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED ON THE

ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE

CONTRARY IS A CRIMINAL OFFENSE.

Price to Public

Underwriting

Discount

Proceeds to

Company^1

Proceeds to Selling

Stockholders^1

Per share $80.00 $5.60 $74.40 $74.40

Total^2 $72,000,000 $5,040,000 $37,200,000 $29,760,000

1 Before deducting expenses payable by the Company estimated at $820,000, of which $455,555 will be paid by the Com-

pany and $364,445 will be paid by the Selling Stockholders.

2 The Company and the selling shareholders have granted to the Underwriters an option to purchase up to an additional

135,000 shares at the initial public offering price, less the underwriting discount, solely to cover overallotment.

(^48) Most prospectuses have content similar to that of the Marvin prospectus but go into considerably more detail. Also we have omitted
Marvin’s financial statements.
The Common Stock is offered subject to receipt and acceptance by the Underwriters, to prior sale,
and to the Underwriters’ right to reject any order in whole or in part and to withdraw, cancel, or
modify the offer without notice.
Klein Merrick Inc. February 3, 2034
No person has been authorized to give any information or to make any representations, other than as
contained therein, in connection with the offer contained in this Prospectus, and, if given or made,
such information or representations must not be relied upon. This Prospectus does not constitute an
offer of any securities other than the registered securities to which it relates or an offer to any person
in any jurisdiction where such an offer would be unlawful. The delivery of this Prospectus at any
time does not imply that information herein is correct as of any time subsequent to its date.
IN CONNECTION WITH THIS OFFERING, THE UNDERWRITERS MAY OVERALLOT
OR EFFECT TRANSACTIONS WHICH STABILIZE OR MAINTAIN THE MARKET PRICE
OF THE COMMON STOCK OF THE COMPANY AT A LEVEL ABOVE THAT WHICH
MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH STABILIZING, IF COM-
MENCED, MAY BE DISCONTINUED AT ANY TIME.