Golf course digital signage firm registers with SEC for stock offering
Aug. 20, 2014
Scottsdale, Arizona-based Digital Caddies Inc., a provider of on-course technology services and digital signage content to golfers, announced today it has filed with the Securities and Exchange Commission for a proposed direct public offering of its common stock and a proposed offering for resale of existing shares of its common stock held by current shareholders.
In connection with this offering and its filing of a registration statement on Form S-1 with the SEC , Digital Caddies intends to apply for listing on the Over-The-Counter Bulletin Board through the Financial Industry Regulatory Authority.
The registration statement relating to these securities has only been filed with the SEC, but has not yet become effective, according to today's announcement. The securities "may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective," the company said.
Digital Caddies said it currently has more than 10,000 interactive screens installed on more than 142 golf courses in all major markets across the country, with more screens coming online daily. It provides advertisers with access to players via an interactive tablet mounted in golf carts, "serving up features golfers, course operators and advertisers want," the company said. In turn, golfers can use the touchscreen tables to access a variety of applications and services, including GPS-based course navigation and aerial fairway and green views with accurate yardages to landmarks.