31 May 2011

CVD Equipment’s over-allotment option boosts public offering proceeds to $9.6m

CVD Equipment Corp of Ronkonkoma, NY, USA (a designer and manufacturer of equipment for developing and manufacturing electronic components, materials and coatings) says that underwriter ThinkEquity LLC of its public offering of common stock (announced on 24 May) has exercised in full its over-allotment option to purchase 126,255 additional shares.

Together with the public offering’s 841,695 shares, a total of 967,950 shares were sold at $10.50 each. Net proceeds (prior to offering expenses) of about $9.6m will be used for general corporate purposes, including working capital.

The offering was 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).

See related items:

CVD Equipment prices stock offering to raise $8.8m

Tags: CVD Equipment

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