Compex Technologies Announces Filing of Form S-3 Registration Statement for Resale of Common Stock by Purchasers in Private Placement.Business Editors NEW BRIGHTON New Brighton, village (1990 pop. 22,207), Ramsey co., SE Minn., a suburb of Minneapolis–Saint Paul; inc. 1891. Its manufactures include metal products, machinery, and leather. A theological seminary is there. , Minn.--(BUSINESS WIRE)--Dec. 5, 2003 Compex Technologies, Inc. (Nasdaq:CMPX CMPX Complex ) today announced that it filed at the close of business on December 4, 2003, a registration statement on Form S-3 to register the resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. of 1,000,000 shares of common stock held by, and up to 250,000 shares of common stock that may be acquired upon exercise of additional investment rights held by, three selling shareholders who purchased these securities in its recently announced private placement. Compex will receive no proceeds from the sale of the shares pursuant to the registration statement. Compex received 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). from sale of common stock to the selling shareholders in the private placement, completed on November 20, 2003, of approximately $8.3 million and may receive up to approximately $2.3 million if the additional investment rights are exercised prior to February 17, 2004. Compex has used these proceeds to reduce indebtedness, and intends to use the balance of the proceeds for marketing and other expenses incurred in expanding its consumer business, and for other general working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . 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 by the selling shareholders, nor may offers to buy be accepted prior to the time the registration statement is declared effective. This release shall not constitute an offer to sell or the 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 State in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state. Compex Technologies, Inc. is engaged in the manufacture and sale of healthcare products based upon electrical stimulation technologies designed to improve health, wellness, athletic performance and physical fitness. |
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