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Press Releases

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  • January 19, 2016

    Wave Systems Regains Compliance With NASDAQ Bid Price Requirement

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today that it has received formal notification from The Nasdaq Stock Market that the Company has evidenced compliance with the $1 bid price requirement, thereby resulting in Nasdaq's determination to continue the listing of Wave's securities on The Nasdaq Capital Market.

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  • December 30, 2015

    Following Shareholder Approval, Wave’s Board Approves 1-for-10 Reverse Stock Split

    Wave Systems Corp. (NASDAQ: WAVX) announced today that, following shareholder approval at the special Shareholders’ meeting on December 28, 2015, the Board of Directors has approved a 1-for-10 reverse split of the Company’s common stock. The reverse stock split will be in effect at the commencement of trading Thursday, December 31, 2015.

    The reverse split is being implemented for purposes of regaining compliance with the $1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Capital Market.

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  • December 17, 2015

    Wave Announces 5-Year Master License Agreement for Virtual Smart Card 2.0 with Leading Global Financial Services Company

    Wave Systems Corp. (NASDAQ: WAVX) announces  a five-year master licensing agreement (MLA) with a leading global corporation (as determined by the 2015 Fortune Global 500 List) for its Virtual Smart Card 2.0 solution. This MLA sets the terms and pricing for licenses and maintenance across the customer’s global organization and establishes it as their preferred two-factor authentication solution. Instead of one large license purchase for the entire organization, each of the customer’s subordinate divisions will make separate orders in accordance with the terms of this MLA. 

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  • December 15, 2015

    Wave Systems Secures Financing Agreement and Engages Investment Bank to Evaluate Strategic Alternatives

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today that it has completed a financing agreement with Marble Bridge Funding Group, Inc. (MBFG) in the form of a secured accounts receivable and purchase orders financing facility of up to $3 million. The Company has also engaged GrowthPoint Technology Partners to advise it in evaluating its strategic alternatives, including potential M&A opportunities.

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  • November 16, 2015

    Wave Systems Announcement Regarding its Q3 2015 Earnings Release and Conference Call

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today that its quarterly financial statements have not been finalized and that its previously scheduled 2015 third quarter earnings release and conference will not take place on Monday, November 16, 2015.

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  • November 11, 2015

    Wave Systems to Reschedule Q3 2015 Earnings Release and Conference Call

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today that the Company will reschedule its 2015 third quarter earnings release and conference call from Thursday, November 12, 2015, to Monday, November 16, 2015, in order to allow for more time in finalizing quarterly financial results.

    The conference call will be held at 4:30pm EST.

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  • October 29, 2015

    Wave Systems to Hold Q3 2015 Conference Call Thursday, November 12, at 4:30 p.m. ET

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today it will host a webcast/conference call to review its 2015 third quarter results on Thursday, November 12, at 4:30 p.m. ET.

    Wave’s results will be issued after the market closes that day.

    Webcast / Replay:     https://www.wave.com/resource-center/Webcasts

    Call Dial-In #:             212-231-2929

    Read More...

  • October 5, 2015

    Wave Systems Signs 3-Year Royalty Agreement With Leading Microchip Distributor for TPM 2.0 Management Software

    Wave Systems Corp. (NASDAQ: WAVX) and Silicon Application Corp. Group (SAC), a distribution leader in the microchip industry, announced that they have signed a three-year software license and distribution agreement for Trusted Platform Module (TPM) software management and maintenance.

    The agreement grants to SAC a royalty-bearing limited license to use, reproduce, distribute and import Wave's TPM management software client for packaging and sales distribution with the TPM 2.0 microchip. Royalties are based upon units sold, but the agreement does not provide for minimum or guaranteed purchases or royalties. Initial shipments may begin in Q4 2015, but we do not expect material shipments to begin prior to early 2016.

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  • October 2, 2015

    Wave Systems Corp. Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statements and Exhibit

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON DC 20549
    _____________
     

    FORM 8-K
    CURRENT REPORT

     

    Pursuant to Section 13 or 15(d) of the
    Securities Exchange Act of 1934

    Date of report 

    (Date of earliest event reported)  September 28, 2015​

    WAVE SYSTEMS CORP.

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  • September 28, 2015

    Wave Systems Announces Convertible Bridge Loan Financing

    Wave Systems Corp. (NASDAQ: WAVX) today announced that it has completed an unsecured convertible bridge financing consisting of a $490,000 convertible bridge instrument that is required to be repaid on or before December 24, 2015 with a repayment amount of $588,000.  Noteholders were issued warrants to purchase up to 1,225,000 shares of Wave’s Class A common stock at an exercise price of $0.18 per share.  These warrants cannot be exercised for a period six months after the effective date of the transaction and the  warrants expire in September 2020.

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  • September 22, 2015

    Wave Systems Granted Extension to Achieve Compliance with NASDAQ Minimum Bid Price Requirement

    Wave Systems Corp. (NASDAQ: WAVX) today announced that on September 16, 2015, the Company was notified that the NASDAQ Listing Qualifications Panel (the “Panel”) had determined to grant the Company’s request for an extension through January 12, 2016, to evidence compliance with the $1.00 minimum closing bid price requirement.

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  • August 13, 2015

    Wave Reports Q2 ’15 Results

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, today reported second quarter (Q2 ’15) results for the period ended June 30, 2015. Wave will host a live webcast https://www.wave.com/resource-center/webcasts and conference call (800-734-8507) today at 4:30 p.m. ET to review its Q2 ’15 results and progress to date in 2015.

    Global Restructuring

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  • August 12, 2015

    Wave Systems Announces Receipt of NASDAQ Notice of Non-Compliance

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  • August 4, 2015

    Wave Systems to Hold Q2 2015 Conference Call Thursday, August 13, at 4:30 p.m. ET

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today it will host a webcast/conference call to review its 2015 second quarter results on Thursday, August 13, at 4:30 p.m. ET.

    Wave’s results will be issued after the market closes that day.

             Webcast / Replay:  https://www.wave.com/resource-center/Webcasts

             Call Dial-In #:         (800) 734-8507 (formerly 212 231 2902)

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  • July 28, 2015

    Wave Systems Initiates Major Corporate Restructuring to Substantially Reduce Operating Costs and Position Company to Pursue Strategic Alternatives

    Wave Systems Corp. (NASDAQ: WAVX), a developer of enterprise security software solutions, announced today that its Board of Directors and Senior Management have initiated a global restructuring of the Company's business in conjunction with a review of Wave's options for raising capital and pursuing customer transactions and other strategic alternatives.

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  • July 23, 2015

    Wave Systems Announces Filing of Hearing Request to NASDAQ Listing Qualifications Panel

    Wave Systems Corp. (NASDAQ: WAVX) today announced that the Company has filed a hearing request before the NASDAQ Listing Qualifications Panel (the “Panel”) regarding the Company’s continued non-compliance with the minimum $1.00 bid price requirement.  As previously announced, the Listing Qualifications Staff of The NASDAQ Stock Market LLC provided notice to the Company on July 16, 2015 that, based upon the Company’s continued non-compliance with the minimum $1.00 bid price requirement, as set forth in NASDAQ Listing Rule 5550(a)(2), as of July 14, 2015, the Company’s common shares would be subject to delisting from NASDAQ effective July 27, 2015 unless the Company timely requests a hearing before the Panel.

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  • July 17, 2015

    Wave Systems Announces Receipt of NASDAQ Notice of Non-Compliance

    Wave Systems Corp. (NASDAQ: WAVX) today announced that, by letter dated July 16, 2015, the Listing Qualifications Staff of The NASDAQ Stock Market LLC notified the Company that, based upon its continued non-compliance with the minimum $1.00 bid price requirement, as set forth in NASDAQ Listing Rule 5550(a)(2), as of July 14, 2015, the Company's common shares would be subject to delisting from NASDAQ effective July 27, 2015 unless the Company submits a request for a hearing before the NASDAQ Listing Qualifications Panel (the "Panel").

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  • June 23, 2015

    Global Professional Services Firm Renews Software Maintenance Agreement with Wave Systems

    Wave Systems Corp. (NASDAQ: WAVX) announced that a global professional services firm has signed a one-year software maintenance renewal agreement for approximately $150,000 to use Wave’s TPM management software capabilities to secure their endpoint devices.

    The customer utilizes Wave’s solution in conjunction with industry-standard Trusted Platform Module (TPM) security chips to deliver hardware-based secure authentication for over 100,000 employees worldwide.  

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  • May 27, 2015

    Wave Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

    Wave Systems Corp. (NASDAQ: WAVX) today announced the closing of its previously announced underwritten public offering of 7,300,000 units with each unit consisting of one share of Class A common stock and a warrant to purchase 0.5 shares of Class A common stock, at a public offering price of $0.65 per unit. The Company also today announced the underwriter fully exercised its option to purchase an additional 1,095,000 shares of Class A common stock and warrants to purchase up to 547,500 shares of Class A common stock. Net proceeds to the Company from the offering, after deducting underwriting discounts and commissions, are expected to be approximately $5.1 million.

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  • May 21, 2015

    Wave Announces Pricing of Public Offering

    Wave Systems Corp. (NASDAQ: WAVX) today announced the pricing of a $4.7 million underwritten public offering of 7.3 million units. Each unit consists of one share of Class A common stock and a warrant to purchase 0.5 shares of Class A common stock, at a public offering price of $0.65 per unit.  The Company has also granted the underwriter a 30-day option to purchase up to an additional 1.095 million shares of Class A common stock and/or warrants to purchase up to 547,500 shares of Class A common stock to cover overallotments in connection with the offering. Each warrant will have an exercise price of $0.81 per share and will be exercisable for 60 months beginning from the date of original issuance. The Company expects to receive net proceeds of approximately $4.4 million after underwriting discounts and commissions, assuming no exercises of the overallotment option. The offering is expected to close on or about May 27, 2015, subject to customary closing conditions.

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  • May 20, 2015

    Wave Announces Public Offering

    Wave Systems Corp. (NASDAQ: WAVX) announced today that it plans to make a public offering of shares of its Class A common stock and warrants. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering

    Roth Capital Partners will act as the sole manager for the offering. The Company intends to use the net proceeds from the offering primarily for working capital.

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  • April 30, 2015

    Wave Reports Q1 ‘15 Revenue of $2.5M on Total Billings of $4.4M; Q1 Total Billings Rose 52% over Q4 ‘14

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, today reported results for the first quarter ended March 31, 2015 (Q1 ’15). Wave will host a live webcast https://www.wave.com/resource-center/webcasts and conference call (212-231-2902) today at 4:30 p.m. ET to review its Q1 ’15 results and progress to date in 2015.

    Q1 Financial Highlights

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  • April 23, 2015

    Wave Systems to Hold Q1 2015 Conference Call Thursday, April 30, at 4:30 p.m. ET

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today it will host a webcast/conference call to review its 2015 first quarter results on Thursday, April 30, at 4:30 p.m. ET.

    Wave’s results will be issued after the market closes that day.

             Webcast / Replay:  https://www.wave.com/resource-center/Webcasts

    Call Dial-In #:          212-231-2902

    Read More...

  • March 10, 2015

    Wave Systems Signs MOU with Nationz, Leading TPM Vendor in China

    Wave Systems Corp. (NASDAQ: WAVX) and Nationz Technologies (SZSE: 300077) announced that they have signed a memorandum of understanding (MOU), under which the companies will jointly promote Trusted Platform Module (TPM) 2.0 solutions worldwide. Wave is the first TPM software vendor to work with Nationz – the leading TPM vendor in all of China.

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  • March 5, 2015

    Wave Reduces 2014 Operating Expenses by 32% and Trims Net Loss by $7M

    Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, today reported fourth quarter (Q4 ’14) and full-year results for the period ended December 31, 2014. Wave will host a live webcast http://www.wave.com/resource-center/webcasts and conference call (212-231-2919) today at 4:30 p.m. ET to review its Q4 and full-year results and progress to date in 2015.

    Q4 Financial Highlights

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