Offering will finance working capital and general corporate purposes
By Devika Patel
Knoxville, Tenn., April 18 - Uni-Pixel, Inc. said it priced a $38.24 million public offering of stock with a $5.74 million greenshoe. The deal was announced Wednesday.
The company will sell 1,195,000 common shares at $32.00 apiece. The price per share is a 15.94% discount to the April 17 closing share price of $38.07.
Cowen & Co. and Craig-Hallum Capital Group are the joint bookrunning managers.
Settlement is expected April 23.
Proceeds will be used for working capital and general corporate purposes.
Based in the Woodlands, Texas, UniPixel produces technology for flat-panel displays.
| Issuer: | Uni-Pixel, Inc.
|
| Issue: | Common shares
|
| Amount: | $38.24 million
|
| Greenshoe: | $5,736,000
|
| Shares: | 1,195,000
|
| Price: | $32.00
|
| Warrants: | No
|
| Bookrunners: | Cowen & Co. and Craig-Hallum Capital Group
|
| Announcement date: | April 17
|
| Pricing date: | April 18
|
| Settlement date: | April 23
|
| Stock symbol: | Nasdaq: UNXL
|
| Stock price: | $38.07 at close April 17
|
| Market capitalization: | $333.43 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
