WALKER POWER COMPLETES INITIAL PUBLIC OFFERING
WALKER POWER COMPLETES INITIAL PUBLIC OFFERING WARNER, N.H., Jan. 22 /PRNewswire/ -- Walker Power, Inc.
(NASDAQ-NMS: WPIC), today announced its initial public offering of 1,500,000 shares of the company's common stock at $6.25 per share.
Of the shares of common stock sold, the company offered 1,085,000 shares and selling stockholders offered the remaining 415,000 shares. The company intends to use the net proceeds for debt reduction, working capital and general corporate purposes. Volpe, Welty & Co. is the managing underwriter of the offering. Certain stockholders have granted the underwriter over-allotment options to purchase up to 225,000 additional shares of common stock. Walker Power, Inc., is a Warner-based designer, manufacturer and marketer of power conversion components and complete power systems. The company's products are used in a variety of medical, commercial and industrial applications, including medical endoscopes, entertainment lighting, thermal processing equipment and high-rise elevators. -0- 1/22/92 /CONTACT: Michael Foster of Walker Power, 603-456-3111; or Matthew J. Harrington of Edelman Public Relations Worldwide, 212-704-8103, for Walker Power/ (WPIC) CO: Walker Power, Inc. ST: New Hampshire IN: SU: OFR
GK-JT -- NY053 -- 2265 01/22/92 11:48 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 22, 1992|
|Previous Article:||BEMIS FOURTH QUARTER EARNINGS PER SHARE UP 17 PERCENT|
|Next Article:||THOMASTON MILLS, INC. REPORTS SECOND QUARTER RESULTS OF OPERATIONS|