25 May 2011

CVD Equipment prices stock offering to raise $8.8m

CVD Equipment Corp of Ronkonkoma, NY, USA (a designer and manufacturer of equipment for developing and manufacturing electronic components, materials and coatings) has priced a public offering of 841,695 shares of its common stock at $10.50 per share (to raise $8.8m). The offering is expected to close on 27 May (subject to customary closing conditions).

The firm expects to receive net proceeds (prior to offering expenses) of about $8.3m, which will be used for general corporate purposes, including working capital.

The firm also granted a 30-day option to sole underwriter ThinkEquity LLC to purchase up to an additional 126,255 shares to cover over-allotments, if any.

The offering is being made pursuant to a shelf registration statement filed with the US Securities and Exchange Commission (SEC) on 14 February, which became effective on 28 February (Registration No. 333-172252). The offering is being made by a prospectus supplement, which is being filed with the SEC, and the related prospectus. Copies may be obtained from the SEC’s website, www.sec.gov, or from ThinkEquity LLC (e-mail [email protected]).

Tags: CVD Equipment

Visit: www.cvdequipment.com