Ambient Corp fka AMBTQ

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Ambient Files For Public Offer Of $57.5M In Stock >AMBT
6:57a ET August 19, 2011 (Dow Jones) Ambient Files For Public Offer Of $57.5M In Stock >AMBT

DOW JONES NEWSWIRES

Ambient Corp. (AMBT) filed plans for a public offering of up to $57.5 million in stock.
The company, which provides technologies that communicate with the electric power grid, plans to use the proceeds for general corporate purposes. The company has about 16.5 million shares outstanding, according to a regulatory filing.
Ambient reported last week it swung to a second-quarter profit as revenue quadrupled on a substantial increase in sales volume.
Shares closed Thursday at $8.20 and were inactive premarket. The stock, which moved to Nasdaq from the over-the-counter Bulletin Board Aug. 3, has fallen 5.8% over the past year.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; [e-mail]
(END) Dow Jones Newswires
08-19-11 0657ET
Copyright (c) 2011 Dow Jones & Company, Inc.BT201108190016792011-08-19 10:57:00.00018BEO50H77E9Q3ESQ8GOB5GTRBDJNF
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