Clarus Corporation Announces Follow-On Public Offering of Approximately 1.495 Million Shares.Business Editors/Technology Writers ATLANTA--(BUSINESS WIRE)--Jan. 7, 2000 Clarus Corporation (Nasdaq:CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed follow-on public offering of approximately 1.495 million shares of common stock. Based on the current market price of the Company's common stock, it is expected that the Company will offer approximately 1.28 million shares and selling stockholders will offer approximately 215,000 shares. The Company has also agreed to grant the underwriters the option to purchase an amount of additional shares equal to 15% of the stock offered by the Company and the selling stockholders. The offering is being lead managed by Chase H&Q and co-managed by Banc of America of Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution and Stephens Inc. Clarus Corporation develops, markets and supports an Internet business-to-business electronic commerce solution that automates the procurement and management of operating resources. The Clarus solution, based on a free trade model, provides a direct Internet-based connection between buyer and supplier without requiring transactions to be executed through a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. trading portal. Clarus also provides a framework to enable Internet-based digital marketplaces, allowing companies to create trading communities and additional revenue opportunities. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission, but 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 press release shall 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. The Company expects that the registration statement will be effective and that the offering will commence in the first quarter of 2000. When available, the prospectus relating to these securities may be obtained from the prospectus department of Chase H&Q, One Bush Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94104. For more information: www.claruscorp.com. |
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