Cholestech Corporation Files For Public Offering of Common Stock.HAYWARD, Calif.--(BUSINESS WIRE)--May 9, 1996--Cholestech Corporation (Nasdaq: CTEC CTEC Course and Teacher Evaluation Council (Northwestern University, Office of the Register) CTEC Certified Technical Education Center CTEC Certified Technical Education Center (Microsoft) ) today announced the filing of a Registration Statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed public offering of 3,450,000 shares of Common Stock including 450,000 shares subject to an overallotment option overallotment option See greenshoe. ). An underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. group managed by Vector Securities International, Inc. and Principal Financial Securities, Inc. will offer the shares. Cholestech plans to use the proceeds of the offering for research and development related to expansion of test menus, for capital expenditures related to expansion of manufacturing capacity, for repayment of 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. , for expansion of sales and marketing activities and for other working capital and general corporate purposes. Cholestech develops, manufactures and markets the Cholestech L-D-X System, a point-of-care diagnostic system that measures various analytes to identify blood detected diseases and disorders. Cholestech's existing portfolio of CLIA-waived products is designed to offer efficient and economic screening and monitoring options to health care providers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and 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 communication does not constitute an offer to sell or a 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. CONTACT: Cholestech Corporation Lola Moenich, 510/293-8096 |
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