Gilford sells 1.5 million units of one share and a half-share warrant
By Devika Patel
Knoxville, Tenn., Nov. 14 - Heatwurx, Inc. said it priced a $7.65 million initial public offering of units with a $637,500 greenshoe in a Form S-1 filed Wednesday with the Securities and Exchange Commission.
The company will sell 1.5 million units of one common share and one half-share warrant at $5.10 per unit. The whole warrants are exercisable at $5.00 for one year.
Gilford Securities Inc. will conduct the sale on a firm-commitment basis.
Based in Park City, Utah, HeatWurx provides asphalt repair technology.
| Issuer: | Heatwurx, Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $7.65 million
|
| Greenshoe: | $637,500
|
| Units: | 1.5 million
|
| Price: | $5.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $5.00
|
| Underwriter: | Gilford Securities Inc.
|
| Pricing date: | Nov. 14
|
| Stock exchange: | NYSE
|
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