Impco (NASDAQ:IMCO)
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IMPCO Technologies Prices Public Offering of 4,000,000 Shares
CERRITOS, Calif., Feb. 1 /PRNewswire-FirstCall/ -- IMPCO Technologies, Inc.
(NASDAQ:IMCO) today announced the pricing of its public offering of 4,000,000
shares of its common stock at a price of $5.75 per share. Net proceeds to
IMPCO after expenses are expected to be approximately $20.6 million. IMPCO has
also granted an option to the underwriters to purchase an additional 600,000
shares of common stock.
First Albany Capital Inc. is the lead underwriter and sole book-running manager
of the offering and Adams Harkness, Inc. is a co-managing underwriter. Printed
copies of the prospectus supplement relating to the offering may be obtained by
contacting First Albany Capital Inc., 1 Penn Plaza, New York, New York, 10119.
A registration statement relating to these securities was filed with and has
been declared effective by the U.S. Securities and Exchange Commission. This
press release does not constitute an offer to sell or the solicitation of an
offer to buy any of the securities of IMPCO, and there shall be no sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
For further information, please contact: investor relations, Mr. Dale Rasmussen
of IMPCO Technologies, +1-206-315-8242.
DATASOURCE: IMPCO
CONTACT: investor relations, Mr. Dale Rasmussen of IMPCO Technologies,
+1-206-315-8242