Fargo Electronics Prices Public Offering of Common Stock.Business Editors Fargo Electronics, Inc. (Nasdaq:FRGO) today announced that it has priced its public offering of 2,250,000 shares of its common stock at $7.50 per share. The size of the offering has been decreased by 1,615,000 shares from the amount previously announced. Of the 2,250,000 shares being sold, 2,062,500 shares are being sold by Fargo's two principal stockholders, St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Venture Capital and TA Associates, and 187,500 shares are being issued and sold by Fargo. In addition, Fargo has granted the underwriters an option to purchase up to an additional 337,500 shares to cover any over-allotments. The offering is being managed by Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Robert W. Baird Robert Wilson Baird (born April 1, 1883) helped found the financial services firm that bears his name and led it for more than 40 years. Baird’s father was a professor of Greek literature at Northwestern University in Evanston, Illinois, where Baird grew up. & Co. and Needham & Company, Inc. The 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). to Fargo from the offering will be approximately $1.32 million. Fargo plans to use the proceeds to repay debt and for general corporate purposes. The offering is anticipated to close on Wednesday, July 3, 2002. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities was filed with and has been declared effective by the U.S. Securities and Exchange Commission. The offering is made by means of a prospectus only, which may be obtained by contacting Fargo or any of the underwriters. These documents will also be filed with the SEC and will be available over the Internet at the SEC's web site at http://www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful under the securities laws of any such state or jurisdiction. About Fargo Fargo Electronics, Inc. is a leading provider of innovative technologies for desktop plastic card personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. systems. Based in Eden Prairie, Minnesota The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. , Fargo creates printing systems that personalize plastic identification cards, complete with digital images and text, lamination lamination a laminar structure or arrangement. , and electronically encoded information. Personalized identification cards provide physical, information and transaction security for a wide variety of applications including retail stores, e-commerce, government installations, schools, sports and recreation facilities, clubs and associations, and correctional facilities. More than 60,000 Fargo systems are currently installed throughout the U.S. and in over 100 other countries. |
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