AeroVironment, Inc. Announces Pricing of Initial Public Offering on NASDAQ; Shares to Begin Trading on NASDAQ on January 23 under Ticker Symbol "AVAV".NEW YORK -- AeroVironment, Inc. (AV) today announced the pricing of its initial public offering of Common Stock at $17 per share, which is one dollar above the originally anticipated range of $14 to $16 per share. The shares will begin trading on Tuesday, January 23, 2007 on the 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 Global Market under the symbol "AVAV". The offering will consist of 6,700,000 shares of Common Stock, par value of $0.0001 per share, of which 4,536,306 shares will be sold by AV and 2,163,694 shares will be sold by existing stockholders. The underwriters have an option to purchase up to an additional 1,005,000 shares from AV and the selling stockholders to cover over-allotments of the shares, if any. Goldman, Sachs & Co. acted as lead underwriter and bookrunner for this offering, and Friedman Billings Ramsey FBR Group Friedman, Billings, Ramsey Group Inc., or simply FBR, (NYSE:FBR), is a full service investment bank headquartered in Arlington, Virginia that sponsors the FBR Open PGA golf tournament held in Phoenix, Arizona. , Jefferies Quarterdeck (Quarterdeck Corporation, Marina del Rey, CA) A pioneering software company, founded in 1983, that offered a variety of utilities, diagnostics, connectivity and Internet products for the PC and Macintosh. , Raymond James, Stifel Nicolaus, and Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control participated as co-managers. A copy of the prospectus relating to this offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New York, NY 10004 via fax at 212-902-9316 or e-mail at prospectus-ny@ny.email.gs.com. AV's registration statement relating to the securities offered in this offering was declared effective on January 22, 2007 by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws or any such state or jurisdiction. About AeroVironment, Inc. (AV) AV designs, develops, produces and supports a technologically advanced portfolio of unmanned aircraft systems (UAS UAS University of Applied Sciences UAS Unavailable Seconds (Sprint) UAS University of Alaska Southeast UAS User Agent Server UAS Unassigned (Telabs) UAS Unmanned Aircraft System ) and fast charge systems. The company's small UAS are used by agencies of the U.S. Department of Defense to deliver real-time reconnaissance, surveillance and target acquisition For the RSTA/ISTAR/STA doctrine, see . For Artillery STA, see . For the USMC snipers, see . . Its PosiCharge[R] fast charge systems are eliminating battery changing for electric industrial vehicle fleets in factories, airports and distribution centers throughout North America. |
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