Adept Technology Announces Proposed Public Offering.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 25, 2000 Adept Technology, Inc. (Nasdaq/NMS:ADTK) today announced a proposed underwritten public offering of 2,134,755 shares of its common stock. Of these shares, it is anticipated that 2,000,000 of the shares will be offered by Adept and 134,755 of the shares will be offered by existing shareholders of Adept. It is anticipated that Adept will grant the underwriters a 30-day option to purchase up to an additional 320,213 shares of common stock solely to cover over-allotments, if any. The purpose of the offering is to raise capital for general corporate purposes. 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 these securities. The offering of the shares shall be made only by means of a prospectus A document, notice, circular, advertisement, letter, or communication in written form or by radio or television that offers any security for sale, or confirms the sale of any security. contained in a registration statement filed with and declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. effective by the Securities and Exchange Commission. |
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