BTU International, Inc. Announces Pricing of Common Stock Public Offering.NORTH BILLERICA, Mass. -- BTU Btu: see British thermal unit. International, Inc. (Nasdaq NM: BTUI), today announced the pricing of a public offering of its common stock. In the offering, BTU is selling 1,250,000 shares at a price to the public of $13.00 per share for a total offering of $16.25 million. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to BTU are expected to be approximately $15 million. The Company expects to close on the sale of these shares to the underwriters on December 16, 2005. In addition, the Company has granted the underwriters an option to purchase up to an additional 187,500 shares to cover any over-allotments. "The proceeds of this offering will provide our company with the financial strength to better pursue our strategies and expand our business," said Paul van der Wansem, BTU's Chief Executive Officer. This press release does not constitute a prospectus. When available, copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to the offering may be obtained from Needham & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which is acting as sole underwriter for the offering, at 445 Park Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10022. About BTU International BTU designs, manufactures, sells and supports thermal processing systems used worldwide, primarily in the electronics and energy generation markets. In addition, the Company produces high- and low-temperature custom thermal systems. Information about BTU International is available on BTU's website at www.btu.com. |
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