e424b3
Filed Pursuant to Rule 424(b)(3)
Registration Statement No. 333-126246
Prospectus Supplement No. 2
to Prospectus dated August 29, 2005
17,198,252 Shares
LEAP WIRELESS INTERNATIONAL, INC.
Common Stock
We are supplementing the prospectus dated August 29, 2005, covering up to 17,198,252
shares of our common stock, par value $0.0001 per share, which may be offered for sale from time to
time by the selling stockholders named in the prospectus. This prospectus supplement contains our
Current Report on Form 8-K dated October 31, 2005, which was filed with the Securities and Exchange
Commission on October 31, 2005.
This prospectus supplement supplements information contained in the prospectus dated
August 29, 2005. This prospectus supplement should be read in conjunction with the prospectus dated
August 29, 2005, which is to be delivered with this prospectus supplement. This prospectus
supplement is qualified by reference to the prospectus, except to the extent that the information
in this prospectus supplement updates or supersedes the information contained in the prospectus
dated August 29, 2005, including any supplements and amendments thereto.
This prospectus supplement is not complete without, and may not be delivered or utilized
except in connection with, the prospectus dated August 29, 2005, including any amendment or
supplement thereto.
INVESTING IN OUR SHARES OF COMMON STOCK INVOLVES A HIGH DEGREE OF RISK. SEE RISK
FACTORS BEGINNING ON PAGE 4 OF THE PROSPECTUS DATED AUGUST 29, 2005.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved any of these securities or determined if this prospectus supplement is
accurate or complete. Any representation to the contrary is a criminal offense.
The date of this Prospectus Supplement is October 31, 2005.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): October 31, 2005
LEAP WIRELESS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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000-29752
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33-0811062 |
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(State or other jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.) |
10307 Pacific Center Court
San Diego, California 92121
(Address of Principal Executive Offices)
(858) 882-6000
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
Item 7.01 Regulation FD Disclosure.
Leap Wireless International, Inc. Announces Third Quarter Customer Results.
On October 31, 2005, Leap Wireless International, Inc. issued a press release announcing
customer additions and churn for the third fiscal quarter of 2005. A copy of this press release is
attached hereto as Exhibit 99.1.
In accordance with General Instruction B.2. of Form 8-K, the information in this Current
Report on Form 8-K, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to
the liability of that section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by
specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
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Exhibit No. |
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Description |
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99.1
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Press Release, dated October 31, 2005 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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LEAP WIRELESS INTERNATIONAL, INC. |
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Date: October 31, 2005 |
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/s/ Dean M. Luvisa |
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Name:
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Dean M. Luvisa |
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Title:
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Acting Chief Financial Officer and Treasurer |
Exhibit 99.1
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Bock Communications, Inc.
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Leap contacts: |
Jessica Levy, Media Relations
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Kristin Atkins, Media Relations |
714-292-2990
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858-882-9105 |
jlevy@bockpr.com
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katkins@leapwireless.com |
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Jim Seines, Investor Relations |
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858-882-6084 |
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jseines@leapwireless.com |
Leap Announces Solid Third Quarter Customer Results
~ Company to Participate at the JPMorgan Small Cap Conference Nov. 2nd in Boston ~
SAN DIEGO October 31, 2005 Leap Wireless International, Inc. [NASDAQ: LEAP], a leading
provider of innovative and value-driven wireless communications services, today announced key
customer metrics for the third quarter of 2005. Leap also announced the Companys participation at
the JPMorgan Small Cap 6.0 Think Big, Buy Small Conference to be held November 12, 2005 at the
Four Seasons, Boston, Mass.
Gross customer additions during the quarter ended September 30, 2005 were approximately 234,000, an
increase of more than 33,000 from the approximately 200,000 gross additions for the third quarter
of 2004 and an increase of more than 42,000 from the approximately 191,000 gross customer additions
for the second quarter of 2005. Customer churn for the third quarter of 2005 was 4.4 percent,
compared to 4.5 percent from the third quarter of 2004 and 3.9 percent for the second quarter of
2005.
The Company gained more than 23,000 net new customers during the third quarter, an increase of
nearly 31,000 from the net customer loss of approximately 8,000 recorded for the third quarter of
2004 and an increase of more than 20,000 from nearly 3,000 net additions for the second quarter of
2005. Leaps customer metrics for the three months ended September 30, 2005 exclude the effect of
the transfer of approximately 19,000 customers related to the sale of the Companys operating
markets in Michigan. The Company expects to release full third quarter financial and operational
results during the week of November 7, 2005 and will host a conference call to discuss these
results, its business outlook for the remainder of 2005 and preliminary outlook for 2006.
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Leap Announces Solid Third Quarter Customer Results
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Page 2 of 3 |
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The improvement in our customer metrics is a testament to the dedication of our employees as we
execute on our marketing, distribution expansion and service enhancement strategies, said Doug
Hutcheson, president and CEO of Leap. We are very pleased to see the results of these efforts
begin to take root as evidenced by the solid customer growth we saw in both our older markets and
in our new market cluster in the Central Valley of California. In addition, it is particularly
encouraging to witness the resilience of our business in the face of the significant macroeconomic
disruptions that occurred in the third quarter. We are looking forward to announcing our full
results and providing additional updates on our progress in conjunction with our earnings
announcement and conference call.
Doug Hutcheson, Leaps president and chief executive officer, will discuss these customer metrics
and provide a general overview of the business during his presentation at the JPMorgan conference,
which is scheduled to begin at 8:00 a.m. EST, Wednesday, November 2, 2005. Investors and other
interested parties can listen to a live audio webcast of the presentation and following question
and answer period by accessing the Investor Relations section of Leaps website,
www.leapwireless.com. The webcast can also be accessed by logging on to the conference website:
http://equityconferences.jpmorgan.com, and selecting the JPMorgan Small Cap Conference link.
Listeners should plan on accessing one of these sites at least 15 minutes prior to the event to
register, download and install any necessary multimedia streaming software. Pre-registration is
currently available. An On Demand replay of the presentation webcast will be available on these two
websites approximately 24 hours after the live presentation and will be available for 30 days.
About Leap
Leap [NASDAQ: LEAP], headquartered in San Diego, Calif., is a customer-focused company providing
innovative mobile wireless services targeted to meet the needs of customers under-served by
traditional communications companies. With the value of unlimited wireless services as the
foundation of its business, Leap pioneered both Cricket® and JumpTM Mobile
services. Through a variety of low, flat rate, service plans, Cricket service offers customers a
choice of unlimited anytime local voice minutes, unlimited anytime domestic long distance voice
minutes, unlimited text, instant and picture messaging and additional value-added services over a
high-
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Leap Announces Solid Third Quarter Customer Results
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Page 3 of 3 |
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quality, all-digital CDMA network. Designed for the urban youth market, Jump Mobile is a
unique prepaid wireless service that offers customers free unlimited incoming calls from anywhere
with outgoing calls at an affordable 10 cents per minute and free incoming and outgoing text messaging.
Both Cricket and Jump Mobile services are offered without long-term commitments or credit checks.
For more information, please visit www.leapwireless.com.
Except for the historical information contained herein, this news release contains
forward-looking statements reflecting managements current forecast of certain aspects of Leaps
future. Some forward-looking statements can be identified by forward-looking words such as
believe, think, may, could, will, estimate, continue, anticipate, intend, seek,
plan, expect, should, would and similar expressions. This news release is based on current
information, which we have assessed but which by its nature is dynamic and subject to rapid and
even abrupt changes. Our actual results could differ materially from those stated or implied by
such forward-looking statements due to risks and uncertainties associated with our business.
Factors that could cause actual results to differ include, but are not limited to:
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our ability to attract and retain customers in an extremely competitive marketplace; |
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changes in economic conditions that could adversely affect the market for wireless services; |
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the impact of competitors initiatives; |
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our ability to successfully implement product offerings and execute market expansion plans; |
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our ability to comply with the covenants in our senior secured credit facilities; |
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our ability to attract, motivate and retain an experienced workforce; |
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failure of network systems to perform according to expectations; |
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global political unrest, including the threat or occurrence of war or acts of terrorism; and |
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other factors detailed in the section entitled Risk Factors included in our Form 10-Q for the fiscal quarter ended June
30, 2005 and in our other SEC filings. |
All forward-looking statements included in this news release should be considered in the context of
these risk factors. We undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise. Investors and
prospective investors are cautioned not to place undue reliance on such forward-looking statements.
Leap and the Leap logo design are registered trademarks of Leap Wireless International, Inc.
Cricket is a registered trademark of Cricket Communications, Inc. Cricket Unlimited Access, Cricket
Unlimited Plus, Cricket Unlimited Classic, Jump Mobile, Travel Time, Cricket Clicks and the Cricket
K are trademarks of Cricket Communications, Inc.
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