"Deep Down, Inc. (DPDW) today announced that its registration statement on Form S-1, registering approximately 57 million shares of its common stock, was declared effective by the U.S. Securities and Exchange Commission (SEC) on April 16, 2009. The Form S-1 registers shares sold in a $40 million private placement offering that closed on June 5, 2008.
"We are pleased to have our registration statement declared effective and would like to thank everyone for their support during this process," commented Ronald E. Smith, Deep Down's president and chief executive officer. "Additionally, in our continuing effort to assist shareholders in following Company regulatory activity such as this, our SEC filings can now be downloaded directly from our website at http://www.deepdowncorp.com/investors/sec ."
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