Mattersight Announces Private Placement

CHICAGO, Feb. 24, 2017 -- Mattersight Corporation (NASDAQ:MATR) announced today that it has entered into a definitive purchase agreement for the sale of 5,328,187 shares of its common stock to certain investors and certain officers and directors in a private placement.  Mattersight expects to raise approximately $16.0 million in gross proceeds by selling 5,228,187 shares of its common stock to certain investors at a price of $3.00 per share and by selling 100,000 shares of its common stock to certain officers and directors (including certain of their affiliates) at a price of $3.45 per share.  The offering is anticipated to close on or about March 1, 2017, subject to the satisfaction of customary closing conditions.  Proceeds from the private placement are expected to be used for general corporate and working capital purposes.  Craig-Hallum Capital Group LLC is acting as the sole placement agent for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

The securities to be sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the “SEC”) or an applicable exemption from such registration requirements.  Mattersight has agreed to file a registration statement with the SEC registering the resale of the shares of its common stock.

Safe Harbor for Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These forward-looking statements, which may be identified by use of words such as “plan,” “may,” “might,” “believe,” “expect,” “intend,” “could,” “would,” “should,” and other words and terms of similar meaning, involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.  In addition to other factors and matters contained or incorporated in this document, important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements include, among other things, the risks detailed from time to time in Mattersight’s SEC filings.  You can locate these filings on the Investor Relations page of Mattersight’s website, www.mattersight.com.  Statements included or incorporated by reference into this press release are based upon information known to Mattersight as of the date of this press release, and Mattersight assumes no obligation to publicly revise or update any forward-looking statement for any reason.  In light of Regulation FD, it is Mattersight’s policy not to comment on earnings, financial guidance or operations other than through press releases, publicly announced conference calls, or other means that will constitute public disclosure for purposes of Regulation FD.  Mattersight uses its website at www.mattersight.com as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

About Mattersight

Mattersight’s mission is to help brands have more effective and effortless conversations with their customers. Using a suite of innovative personality-based software applications, Mattersight can analyze and predict customer behavior based on the language exchanged during service and sales interactions. This insight can then facilitate real-time connections between customers and the agents best capable of handling their needs.  Mattersight’s stack of patented SaaS applications has influenced hundreds of millions of shorter, more satisfying customer interactions. Organizations across the Financial Services, Healthcare, Technology and Telco industries rely on Mattersight to drive customer retention, employee engagement and operating efficiency.  An independent research study documents the average return on investment for these organizations is 344%.  To learn more about how Mattersight can help your company, please visit www.mattersight.com.

Contact

David Mullen
Chief Financial Officer
312.954.7380
[email protected]