Vonage Files Shelf Registration Statement

8/21/2006 5:42 AM Eastern

Vonage Holdings filed a "shelf" registration statement on Form S-1 pursuant to the registration-rights agreement entered into in connection with its convertible-bond offering.

According to the terms of the registration-rights agreement, note holders may convert their bonds into shares of the voice-over-Internet-protocol company's common stock at a conversion price of $14.22. The note holders are subject to a lockup period that expires on or about Nov. 19.

Vonage also announced that XM Satellite Radio CEO Hugh Panero resigned from its board of directors.

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