Chromatics announces effectiveness of selling shareholder registration statements.NEW YORK--(BUSINESS WIRE)--May 6, 1996--Chromatics Color Sciences International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCSI CCSI Computer & Control Solutions, Inc CCSI Cisco Certified Systems Instructor (training qualification) CCSI Canadian Centre for Swine Improvement CCSI Contemporary Control Systems, Inc CCSI Channel Coding with Side Information ; CCSIW) today announced that two registration statements filed on behalf of certain selling shareholders were declared effective by the SEC. The registration statements cover an aggregate of 1,800,000 outstanding shares of the company's common stock, 1,800,000 shares of common stock issuable upon exercise of Warrants at an exercise price of $2.50 per share, 115,000 shares of common stock and 115,000 warrants for the purchase of the company's common stock at a price of $5.00 per share issuable upon exercise of unit purchase options, 115,000 shares of common stock issuable upon exercise of the registered warrants, and up to 1,250,000 shares of common stock issuable upon conversion of the company's outstanding $2,500,000 of 3% Convertible Debentures due April, 1998 (and upon conversion of up to an additional $2,500,000 of Debentures irrevocably subscribed for and pending the company's acceptance of the subscription at its option). The company will not receive any proceeds from the sale of the common stock or the Warrants described above. Chromatics chro·mat·ics n. (used with a sing. verb) The scientific study of color. chro  ma·tist n. Color Sciences International Inc. is engaged in the business of color science, including the scientific color measurement and classification of human skin, certain color-sensitive consumer products, and in determining the color compatibility of such skin and product color classification for use in a variety of industries including the cosmetic, beauty aid and fashion industries, as well as technology development for potential medical applications involving the diagnosis and monitoring of certain chromogenic chro·mo·gen·icadj. Of or relating to a chromogen or to chromogenesis. chromogenic (krō´mōjen´ik), adj pertaining to color production. diseases. The company's common stock and warrants are traded on NASDAQ under the symbols "CCSI" and "CCSIW", respectively. CONTACT: Chromatics Color Sciences International Inc., 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 Darby MacFarlane MacFarlane or Macfarlane is a surname shared by:
212/717-6672 (fax) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion