STRATASYS, INC. ANNOUNCES INITIAL PUBLIC OFFERING OF 1.2 MILLION SHARES OF COMMON STOCK
MINNEAPOLIS, Oct. 20 /PRNewswire/ -- Stratasys, Inc. (Nasdaq: SSYS) announced today an initial public offering of 1,200,000 shares of its Common Stock. A SB-2 registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective today. The stock will be traded on the Nasdaq stock market under the symbol SSYS and on the Pacific Exchange under the symbol SAS.
The 1.2 million shares of Common Stock being offered are priced at $5 per share. M.H. Meyerson & Co., Inc. is the sole underwriter. Net proceeds to the company from the offering will be used for marketing and sales of existing products, expanding engineering capabilities, and upgrading the features and range of applications of its existing rapid prototyping machines.
A copy of the prospectus relating to these securities may be obtained from either M.H. Meyerson & Co., Inc., 30 Montgomery Street, Jersey City, NJ at 800-333-3113 or from the Company, Stratasys, Inc. 14950 Martin Drive, Eden Prairie, MN at 612-937-3000.
Stratasys Inc., founded in 1989, is manufacturer of rapid prototyping devices for industrial, recreational, consumer, and medical product OEM's. The Company's patented Fused-Deposition Modeling (FDM) process creates 3-dimensional plastic and wax models directly from all 3D CAD files. The Company is based in Minneapolis. For further information on the Company and its products, please contact Stratasys, Inc. at 14950 Martin Drive, Eden Prairie, MN 55344-2020 at 612-937-3000 (tel); 612-937-0070 (fax); or fdm@stratsys.com (email).
This press release shall not constitute an offer to sell or the solicitation of any 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.
-0- 10/20/94
/CONTACT: Mary Stanley of Stratasys, 612-937-3000/
CO: Stratasys Stratasys, Inc. is a company headquartered in Eden Prairie, MN that manufactures and sells both rapid prototyping machines and materials. Stratasys FDM systems use fused deposition modeling technology to produce parts out of industrial-grade thermoplastic materials such as ABS, , Inc. ST: Minnesota IN: MTC mtc - A Modula-2 to C translator. ftp://rusmv1.rus.uni-stuttgart.de/soft/Unixtools/compilerbau/mtc.tar.Z. SU: OFR Ofr Oberfranken (German) OFR Operating and Financial Review OFR Office of the Federal Register (US NARA) OFr Old French (linguistics) OFR Optics for Research PH-DP -- MN007 -- 6490 10/20/94 10:34 EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT |
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