CVD Equipment Says 841,695 Shares Priced at $10.50

CVD Equipment Corporation CVV today announced the pricing of a public offering of 841,695 shares of its common stock at $10.50 per share. The offering is expected to close on Friday, May 27, 2011, subject to customary closing conditions. The Company expects to receive net proceeds, prior to offering expenses, of approximately $8.3 million from the sale of the common stock, which will be used for general corporate purposes, including working capital. The sole underwriter for the offering is ThinkEquity LLC. The Company also granted a 30-day option to the underwriter to purchase up to an additional 126,255 shares to cover over-allotments, if any. The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on February 14, 2011, which became effective on February 28, 2011 (Registration No. 333-172252). The offering will be made by a prospectus supplement, which is being filed with the SEC, and the related prospectus.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsOfferingsInformation TechnologySemiconductor Equipment
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!