Compositech Ltd. underwriters exercise overallotment option -- Company sells additional 315,000 units.HAUPPAUGE, N.Y.--(BUSINESS WIRE)--July 9, 1996--Compositech Ltd. (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 :CTEK) announced today that the underwriters for its recent initial public offering have exercised the overallotment option overallotment option See greenshoe. and have sold an additional 315,000 units. The company completed its initial public offering of 2.1 million units with each unit consisting of one share of common stock and one redeemable common stock warrant entitling a holder to purchase one share of common stock at $6.25 a share on July 3. The securities were sold through Royce Investment Group Inc., Woodbury, N.Y. and Trautman Kramer & Co. 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 . The company will use the proceeds from the overallotment to further expand its production facilities. Compositech Ltd. develops, produces and markets innovative and superior copper-clad fiberglass epoxy laminates used to make printed circuit boards, which are essential components of personal computers, workstations, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and telecommunications equipment, automobiles and virtually all electronic equipment. CONTACT: Compositech Ltd. Fred Klimpl, 516/436-5200 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Joseph A. Mansi/Leslie A. Schupak, 212/682-6300, ext. 205/207 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion