Catalytica Inc. Announces Public Offering of 4 Million Shares of Common Stock.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 3, 1995--Catalytica Inc. announced today that it has closed a public offering of 4 million shares of its common stock at a price of $4 per share, all of which were offered by the company. Oppenheimer & Co. Inc. assisted in the placement of the securities to select institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . The offering, which was increased from 2.25 million shares, resulted in 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 the company of approximately $14.7 million. The proceeds will be used for general corporate purposes, including working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , new product development, marketing and sales activities, and the potential acquisition of additional manufacturing facilities. Catalytica is developing and offering to its customers advanced products that use the company's proprietary catalytic technologies to yield economic and environmental benefits by lowering manufacturing costs and reducing hazardous byproducts. Catalytica currently is focused on applying its technologies to two primary areas: improving production of pharmaceutical intermediates and developing advanced combustion systems to reduce toxic emission generated by natural gas turbines. Copies of the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained from Catalytica or from Oppenheimer & Co. Inc., Oppenheimer Tower, World Financial Center, 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 , NY, 10281. -0- Catalytica Web address: http://www.catalytica-inc.com CONTACT: Catalytica Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Alice Galloway, 415/940-6382 |
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