Alpha Technologies Group, Inc. files registration statement for $25,000,000 convertible subordinated debentures.NEW YORK--(BUSINESS WIRE)--Sept. 28, 1995--Alpha Technologies Group, Inc. (NASDAQ-ATGI) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of $25,000,000 aggregate principal amount of Convertible Subordinated Debentures subordinated debenture An unsecured bond with a claim to assets that is subordinate to all existing and future debt. Thus, in the event that the issuer encounters financial difficulties and must be liquidated, all other claims must be satisfied before due 2005 ("Debentures"). The conversion price at which the Debentures will be convertible into common stock of the company and the interest rate are to be agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy by Alpha and Unterberg Harris, as representative of the underwriters. The underwriters will have an option to purchase up to an additional $3,750,000 aggregate principal amount of Debentures to cover over-allotments, if any. Alpha designs Alpha Design is an IBM PC demoscene group from Finland which was originally formed in 1994 under the name Nightmare Productions or NMP by founding members Britelite and Chaj. , manufactures and sells thermal management products and connectors. Thermal management products, principally heat sinks A material that absorbs heat. Typically made of aluminum, heat sinks are widely used in amplifiers and other electronic devices that build up heat. Small heat sinks are the most economical method for cooling microprocessors and other chips. , remove excess heat generated by electronic components within personal computers, power supplies, stereo amplifiers and other electronic systems. The company's thermal management products serve the microprocessor, computer, consumer electronics, transportation and other industries. Its connector products include miniature and micro-miniature connectors to meet rigid industrial and military specifications which serve the defense, telecommunications, automotive and aerospace industries. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does 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 state in which such offer, solicitation of sale would be unlawful prior to registration or qualification under the securities laws of any such state. CONTACT: Alpha Lawrence Butler Lawrence Butler, 212/446-5258 |
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