EMBREX REGISTRATION STATEMENT DECLARED EFFECTIVE
EMBREX REGISTRATION STATEMENT DECLARED EFFECTIVE RESEARCH TRIANGLE PARK, N.C., Nov. 7 /PRNewswire/ -- Embrex Inc.
(NASDAQ: EMBX) today announced that the Securities and Exchange Commission has declared effective the registration statement for its initial public offering of 2.2 million shares of common stock and the same number of redeemable warrants, underwritten by a national syndicate led by Josephthal Lyon & Ross Incorporated of New York. The public offering prices are $8.50 per share and $.10 per warrant.
Embrex expects to receive net proceeds from the offering of approximately $16.4 million. Embrex common stock (EMBX) and redeemable warrants (EMBXW) have been accepted for trading on the NASDAQ National Market System. A prospectus may be obtained from Josephthal Lyon & Ross Incorporated, 6 East 43rd St., New York, N.Y. 10017. Embrex develops and has recently begun marketing proprietary bioscience and bioengineering-based products to increase the productivity and profitability of the poultry industry. -0- 11/7/91 /CONTACT: Randall Marcuson of Embrex, 919-941-5185, or Douglas Johnson of GreenTree Communications, 800-428-8796, for Embrex/ (EMBX) CO: Embrex, Inc. ST: North Carolina IN: MTC SU: FC-OS -- NY048 -- 2197 11/07/91 12:02 EST
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|Date:||Nov 7, 1991|
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