CYBEROPTICS CORPORATION OFFERING EFFECTIVE.MINNEAPOLIS--(BUSINESS WIRE)--Sept. 19, 1995--CyberOptics Corporation (Nasdaq-CYBE) announced this morning that its registration statement relating to the public offering of 1,250,000 shares of its common stock (plus up to 187,500 additional shares may be offered solely to cover over-allotments, if any), has been declared effective by the Securities and Exchange Commission. The shares, 1,200,000 of which will be offered by the Company and 50,000 of which are being offered by a stockholder of the Company, will be offered by Alex. Brown & Sons, Robertson, Stephens & Company and Piper Jaffray Inc. at a price of $33.25 per share. The offer is made only by prospectus, copies of which may be obtained from the underwriters. Proceeds to the Company from the sale of the shares will be used for working capital associated with expanded sales, research and development and other general corporate purposes. The Company will not receive any proceeds from sales by the selling stockholder. The Company designs, manufactures and markets intelligent non-contact sensors and integrated systems that measure the minute characteristics, dimensions and distances required for process and quality control of complex manufactured goods. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. CONTACT: Kent O. Lillemoe Vice President-Finance and Administration |
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