| California | | | 7372 | | | 77-0309142 | |
| (State or other jurisdiction of incorporation or organization) | | | (Primary Standard Industrial Classification Code Number) | | | (I.R.S. Employer Identification Number) | |
| Large accelerated filer ☐ | | | Accelerated filer ☐ | |
| Non-accelerated filer ☒ | | | Smaller reporting company ☒ | |
| Emerging growth company ☒ | | |
Title of Each Class of Securities to be Registered | | | Amount to be Registered(1) | | | Proposed Maximum Offering Price Per Share(2) | | | Proposed Maximum Aggregate Offering Price(2) | | | Amount of Registration Fee | | ||||||||||||
Common Stock, par value $0.002 per share, underlying subscription rights | | | | | 6,416,478 | | | | | $ | 7.25 | | | | | $ | 46,519,466 | | | | | $ | 5,638.16 | | |
Nontransferable subscription rights to purchase Common Stock, par value $0.002 per share | | | | | — | | | | | | — | | | | | | — | | | | | $ | 0.00(3) | | |
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| | As of September 30, 2018 (Unaudited) | | | As of September 30, 2018 (Unaudited) | | ||||||||||||||||||||||||||||||||
($ in millions) | | Actual | | Pro Forma | | Pro Forma As Adjusted | | | Actual | | Pro Forma | | Pro Forma As Adjusted | | ||||||||||||||||||||||||
Cash and cash equivalents | | | $ | 12,315 | | | | $ | — | | | | $ | — | | | | | $ | 12,513 | | | | $ | 13,074 | | | | $ | 13,074 | | | ||||||
Short term investments | | | | 2,743 | | | | | — | | | | | — | | | | | | 2,743 | | | | | 2,743 | | | | | 2,743 | | | ||||||
Total cash and liquid assets | | | | 15,058 | | | | | | | | | | | | | | | | 15,058 | | | | | 15,817 | | | | | 15,817 | | | ||||||
Stockholders’ equity | | | | | | | | | — | | | | | — | | | | | | | | | | | | | | | | | | | ||||||
Common stock, $0.002 par value per share, 450,000,000 shares authorized, 36,600,457 shares issued and outstanding (actual) | | | | 73 | | | | | — | | | | | — | | | | | | 73 | | | | | 73 | | | | | 86 | | | ||||||
Additional paid in capital | | | | 76,650 | | | | | | | | | | | | | | | | 76,650 | | | | | 76,650 | | | | | 122,139 | | | ||||||
Accumulated deficit | | | | (26,418) | | | | | — | | | | | — | | | | | | (26,418) | | | | | (26,418) | | | | | (26,418) | | | ||||||
Accumulated other comprehensive loss | | | | (2,248) | | | | | — | | | | | — | | | | | | (2,248) | | | | | (2,248) | | | | | (2,248) | | | ||||||
Total stockholders’ equity | | | $ | 48,057 | | | | | — | | | | | — | | | | | $ | 48,057 | | | | | 48,057 | | | | | 93,559 | | | ||||||
Total capitalization | | | $ | 63,115 | | | | | — | | | | $ | — | | | | | $ | 63,115 | | | | | 63,874 | | | | $ | 109,376 | | |
| Subscription Price | | | $ | | | | Subscription Price | | | $ | 7.10 | | | ||
| Net tangible book value per share as of September 30, 2018 | | | $ | 0.08 | | | Net tangible book value per share as of September 30, 2018 | | | $ | 0.08 | | | ||
| Increase in net tangible book value per share attributable to rights offering | | | $ | | | | Increase in net tangible book value per share attributable to rights offering | | | $ | 1.24 | | | ||
| Pro forma net tangible book value per share as of September 30, 2018, after giving effect to Exaxe Acquisition | | | $ | | | | Pro forma net tangible book value per share as of September 30, 2018, after giving effect to Exaxe Acquisition | | | $ | 0.03 | | | ||
| Pro forma as adjusted net tangible book value per share as of September 30, 2018, after giving effect to Exaxe Acquisition and rights offering | | | $ | | | | Pro forma as adjusted net tangible book value per share as of September 30, 2018, after giving effect to Exaxe Acquisition and rights offering | | | $ | 1.35 | | | ||
| Dilution in net tangible book value per share to purchasers in the rights offering | | | $ | | | | Dilution in net tangible book value per share to purchasers in the rights offering | | | $ | 5.75 | | |
Fiscal 2019: | | High | | Low | | | High | | Low | | ||||||||||||||||
3rd Quarter | | | $ | 8.35 | | | | $ | 6.03 | | | |||||||||||||||
2nd Quarter | | | $ | 9.27 | | | | $ | 6.13 | | | | | $ | 9.27 | | | | $ | 6.13 | | | ||||
1st Quarter | | | $ | 6.31 | | | | $ | 4.93 | | | | | $ | 6.31 | | | | $ | 4.93 | | |
Fiscal 2018: | | | High | | | Low | | ||||||
4th Quarter | | | | $ | 6.00 | | | | | $ | 5.03 | | |
3rd Quarter | | | | $ | 6.43 | | | | | $ | 4.84 | | |
2nd Quarter | | | | $ | 5.18 | | | | | $ | 4.35 | | |
1st Quarter | | | | $ | 5.57 | | | | | $ | 4.60 | | |
Fiscal 2017: | | | High | | | Low | | ||||||
4th Quarter | | | | $ | 6.09 | | | | | $ | 4.92 | | |
3rd Quarter | | | | $ | 6.28 | | | | | $ | 4.50 | | |
2nd Quarter | | | | $ | 5.72 | | | | | $ | 4.82 | | |
1st Quarter | | | | $ | 6.50 | | | | | $ | 4.80 | | |
| ABA/Routing number: | | | 121000248 | |
| Bank: | | | Wells Fargo 420 Montgomery Street San Francisco, CA 94104 United States | |
| Beneficiary Account Name: | | | Broadridge Corporate Issuer Solutions | |
| Account Number: | | | 4124218686 | |
| For Further Credit Name: | | | Majesco | |
| Securities and Exchange Commission registration fee | | | $ | 5,639 | | | Securities and Exchange Commission registration fee | | | $ | 5,632 | | | ||
| Accounting fees and expenses | | | $ | 15,000 | | | Accounting fees and expenses | | | $ | 15,000 | | | ||
| Legal fees and expenses | | | $ | 75,000 | | | Legal fees and expenses | | | $ | 85,000 | | | ||
| Subscription agent fees and expenses | | | $ | 15,000 | | | Subscription agent fees and expenses | | | $ | 12,500 | | | ||
| Miscellaneous expenses | | | $ | 20,000 | | | Miscellaneous expenses | | | $ | 11,868 | | | ||
| Total | | | $ | 130,639 | | | Total | | | $ | 130,000 | | | |
| | | | MAJESCO (Registrant) | |
| | | | By: /s/ Adam Elster Name: Adam Elster Title: Chief Executive Officer (Principal Executive Officer) | |
Signature | | | Title | | | Date | |
/s/ Adam Elster Adam Elster | | | Chief Executive Officer and director (Principal Executive Officer) | | | | |
/s/ Farid Kazani Farid Kazani | | | Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer) | | | | |
Ketan Mehta | | | Chairman of the Board | | | | |
Arun K. Maheshwari | | | Director | | | | |
Earl Gallegos | | | Director | | | | |
Rajesh Hukku | | | Director | | | | |
Steven R. Isaac | | | Director | | | | |
Atul Kanagat | | | Director | | | | |
Sudhakar Ram | | | Director | | | | |
Robert P. Restrepo Jr. | | | Director | | | | |
By: /s/ Farid Kazani Farid Kazani, Attorney-In-Fact | | | | | | | |