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COBRA GOLF INC. ANNOUNCES INITIAL PUBLIC OFFERING OF 3.25 MILLION SHARES

 CARLSBAD, Calif., Sept. 21 /PRNewswire/ -- Cobra Golf Inc. announced its initial public offering of 3.25 million shares of common stock at $21 per share on Sept. 21, 1993. 1.75 million shares are being offered by the company, and 1.5 million shares are being offered by stockholders of the company. Of the shares offered, 625,000 shares are being offered outside of the United States. The shares will trade on the NASDAQ National Market, under the symbol CBRA according to Gary E. Biszantz, chairman of the board. A portion of the proceeds to the company from the offering will be used to repay bank debt.
 Cobra designs, manufactures and markets high-quality golf clubs principally for the premium-priced game-improvement segment of the golf equipment market, including full sets of oversize clubs marketed under the King Cobra name.
 Lehman Brothers and A.G. Edwards & Sons are co-managers of the offering. The underwriters have been granted a 30-day over-allotment option to purchase an additional 487,500 shares.
 Copies of the prospectus may be obtained from Lehman Brothers Inc., Three World Financial Center, New York, NY 10285, or A.G. Edwards & Sons, One North Jefferson, St. Louis, MO 63103.
 -0- 9/21/93
 /CONTACT: JoAnn Velarde, director of Investor Relations, or David Schaefer, CFO, 619-929-0377/


CO: Cobra Golf Inc. ST: California IN: LEI SU: OFR

MF-LM -- SD003 -- 3979 09/21/93 08:04 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
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