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RBCN sale $28.2M common ?

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sludgehound   Tuesday, 01/07/14 04:40:05 PM
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RBCN sale $28.2M common ?

Not sure if/much this might impact a pricer one. $11.44
$11.12 last AH.

04:33 PM EST, 01/07/2014 (MT Newswires) -- Rubicon Technology, Inc. (RBCN) announced the sale of $28.2 million of its common stock pursuant to an underwriting agreement with Canaccord Genuity Inc. The last reported sale price of Rubicon's common stock as reported by the NASDAQ Global Market on January 7, 2014 was $11.44 per share.
Rubicon intends to use the net proceeds to fund research and development of new products, for capacity expansion and for general corporate purposes. Closing of the offering is expected to occur on or about January 14, 2014, subject to customary closing conditions.
Price: 11.44, Change: 0, Percent Change: 0
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