Acusphere Receives Equity Financing Commitment.WATERTOWN Watertown. 1 Town (1990 pop. 20,456), Litchfield co., W Conn.; set off from Waterbury and inc. 1780. Synthetic textiles, thread, plastics, chemicals, mattresses, and brass goods are among its manufactures. , Mass. -- Acusphere, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACUS acus (a´kus) a needle or needle-like process. acus a needle or needle-like process. ), today announced that the Company has received a commitment from Azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. Opportunity Ltd. for the purchase of up to 5,762,966 shares of its common stock, which shares in the aggregate, based upon a closing price on August 31, 2006 of $3.39 per share, have an approximate market value of $19.5 million. Subject to the terms and conditions of a purchase agreement between Acusphere and Azimuth Opportunity, over the next eighteen months, Acusphere may sell up to 5,762,966 registered shares of its common stock, at its discretion, to Azimuth Opportunity at a discount from market price. No shares of Acusphere common stock were issued in connection with entering into this arrangement, and no shares may be issued until certain conditions have been satisfied, as specified in the agreement. Acusphere has no minimum commitment to sell shares under the agreement. The shares of common stock are being offered pursuant to an effective registration statement filed with the Securities and Exchange Commission on May 18, 2006. This press release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. |
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