Model N Announces Exercise of Over-Allotment Option

 In 2013 Press Releases, Press Releases, US

REDWOOD CITY, CA – March 21, 2013 – Model N, Inc. (NYSE: MODN), a provider of revenue management solutions for the life science and technology industries, today announced that the underwriters of its initial public offering exercised in full their option to purchase an additional 1,011,000 shares of common stock from the company. As a result, the total initial public offering size is 7,751,000 shares of common stock, which consists of 7,011,000 shares of common stock to be sold by Model N and 740,000 shares of common stock to be sold by the selling stockholder. All shares sold in the offering are being sold at a price to the public of $15.50. Model N will not receive any proceeds from the sale of shares by the selling stockholders.

J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated, Pacific Crest Securities LLC, Piper Jaffray & Co., and Raymond James & Associates, Inc. are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Phone: (866) 803-9204; or Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Department, by calling (800) 503-4611, or by e-mailing prospectus.cpdg@db.com.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact:

ICR for Model N

Greg Kleiner, 650-610-4998


investorrelations@modeln.com



or



Media Contact:

Model N

Kristin Lee, 650-610-4717
Marketing

klee@modeln.com

About Model N

Model N is the leader in Revenue Management solutions. Model N helps its customers maximize their revenue and reduce revenue compliance risk by managing every dollar that impacts their top line encompassing contracting, pricing, incentives, and rebates. Model N leverages its deep industry expertise to support the unique business needs of Life Sciences and Technology companies in more than 50 countries. Global Customers include: Actavis, Allergan, Amgen, Atmel, Boston Scientific, Bristol-Myers Squibb, Dell, Johnson & Johnson, Linear Technology, Merck, Marvell, Maxim, Micron, Nokia, Novartis, Novo Nordisk, ON Semiconductor, and STMicroelectronics. Learn more at: www.modeln.com. Model N is traded on the New York Stock Exchange under the symbol MODN.

Legal

Model N® is the registered trademark of Model N, Inc. Any other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

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