Amerigon completes $17 million public offering of common stock and warrants.MONROVIA Monrovia, city, Liberia Monrovia (mənrō`vēə), city (1986 est. pop. 465,000), capital of the Republic of Liberia, NW Liberia, a port on the Atlantic Ocean at the mouth of the St. Paul River. , Calif.--(BUSINESS WIRE)--Feb. 19, 1997--Amerigon Inc. (Nasdaq: ARGNA and ARGNW) announced today it completed the sale of 17,000 units, each consisting of 280 shares of Class A Common Stock and 280 Class A Warrants at $1,030 per unit for gross proceeds of $17,510,000. The exercise price of the warrants is $5.00 per share. The warrants are exercisable through Feb. 12, 2002, and have been approved for listing on the Nasdaq SmallCap market. The units sold will not be listed separately on Nasdaq. The company has granted D.H. Blair Blair , Anthony Charles Lynton Known as "Tony" Born 1953. British lawyer, politician, and Labour Party leader who was elected prime minister in 1997. Investment Banking Corp., the underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. , a 45-day option to purchase up to 2,550 additional units solely to cover over-allotments, if any. Proceeds to the company, net of expenses of the offering, are estimated to be approximately $15,300,000 and will be used to repay indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. totaling approximately $4,100,000. The balance of the proceeds will be used for operations. Lon E. Bell, chairman and chief executive officer, commented, "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the vote of confidence this successful issue represents. The marketplace has provided Amerigon the funds it needs to pursue its strategy going forward." Founded in 1991, Amerigon develops high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. products for the commercial automotive and emerging electric vehicle markets. CONTACT: Amerigon Incorporated John Hamman, 818/932-2080 or Fleishman-Hillard Peter Stack/Bob Cavosi, 212/265-9150 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion