CVD Equipment Corporation Announces Proposed Public Offering of Common Stock
Tuesday July 3, 4:01 pm ET
RONKONKOMA, N.Y., July 3 /PRNewswire-FirstCall/ -- CVD Equipment Corporation (Amex: CVV - News), a designer and manufacturer of state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications, announced today that it plans to offer up to 2,500,000 shares of its common stock in a registered public offering through C.E. Unterberg, Towbin, as the managing underwriter. This amount does not include shares that may be sold by certain officers and directors to cover the over-allotment, if any. CVD Equipment Corporation intends to use the proceeds from the offering for general corporate purposes, including, but not limited to, possible future product development efforts, acquisitions, or strategic alliances.
A registration statement relating to the common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The shares of common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. There can be no assurance that CVD Equipment Corporation will complete the offering on the anticipated terms, or at all. CVD Equipment Corporation's offering and its business are subject to risks described in the company's filings with the Securities and Exchange Commission.
This disclosure does not constitute an offer to sell or the solicitation of an offer to buy any of CVD Equipment Corporation's securities, nor will there be any sale of these securities by CVD Equipment Corporation in any jurisdiction in which the offer, solicitation or sale would be unlawful. A written prospectus for the offering may be obtained by contacting the company at the address set forth below.
About CVD Equipment Corporation
CVD Equipment Corporation (Amex: CVV - News) is a designer and manufacturer of state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. We offer a broad range of chemical vapor deposition, gas control, and other equipment that is used by our customers to research, design and manufacture semiconductors, solar cells, carbon nanotubes, nanowires, LEDs, MEMS, and equipment for surface mounting of components onto printed circuit boards.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by CVD Equipment Corporation) contains statements that are forward-looking. All statements other than statements of historical fact are hereby identified as "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions, success of CVD Equipment Corporation's growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders, potential delays in product shipments, delays in obtaining inventory parts from suppliers, failure to satisfy customer acceptance requirements and other risk factors described in CVD Equipment Corporation's SEC filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof and CVD Equipment Corporation assumes no obligation to update this press release.
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Source: CVD Equipment Corporation
