Home > Press > Harris & Harris Group Inc. announces pricing of public offering
Harris & Harris Group Inc. announces pricing of public offering of 3,050,000 shares of common stock
August 17, 2005
Harris & Harris Group, Inc. (NASDAQ: TINY) today announced that it
has priced a public offering of 3,050,000 shares of its common stock
at $11.25 per share for estimated net proceeds of approximately
$31,913,750 after deducting underwriting discounts and commissions
and estimated offering expenses payable by the Company. Harris &
Harris Group has granted an option to the underwriters to purchase
up to an additional 457,500 shares of common stock within 30 days
after the offering to cover over-allotments, if any. All of the
shares of common stock are being offered by Harris & Harris Group
pursuant to an effective shelf registration statement filed with the
Securities and Exchange Commission. This offering is expected to
close on August 23, 2005.
ThinkEquity Partners LLC is acting as the sole book runner for the
offering. Punk, Ziegel & Company is acting as co-manager for the
offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. A prospectus supplement relating to these securities
has been filed with the Securities and Exchange Commission. This
offering of the shares of common stock may be made only by means of
the prospectus supplement and related prospectus, copies of which
may be obtained from ThinkEquity Partners LLC, 600 Montgomery
Street, San Francisco, CA 94111 (Telephone number 415-249-2900) or
Punk, Ziegel & Company, 520 Madison Avenue, 4th Floor, New York, NY
10022 (Telephone number 212-308-9494).
This press release may contain statements of a forward-looking
nature relating to future events. These forward-looking statements
are subject to the inherent uncertainties in predicting future
results and conditions. These statements reflect the Company's
current beliefs, and a number of important factors could cause
actual results to differ materially from those expressed in this
press release. Please see the Company's Registration Statement on
Form N-2 (File No. 333-112862) and Annual Report on Form 10-K for
the fiscal year ended December 31, 2004, each filed with the
Securities and Exchange Commission, for a more detailed discussion
of the risks and uncertainties associated with the Company's
business, including but not limited to the risks and uncertainties
associated with venture capital investing and other significant
factors that could affect the Company's actual results. Except as
otherwise required by Federal securities laws, Harris & Harris
Group, Inc.®, undertakes no obligation to update or revise these
forward-looking statements to reflect new events or uncertainties.
The reference to the website www.TinyTechVC.com has been provided as
a convenience, and the information contained on such website is not
incorporated by reference into this press release.
About Harris & Harris Group:
Harris & Harris Group is a publicly traded venture capital
company that now makes initial investments exclusively in tiny
technology, including nanotechnology, microsystems and
microelectromechanical systems (MEMS). The Company's last 24
initial private equity investments have been in tiny-technology
enabled companies. As of today, the Company has 17,248,845 shares
of common stock outstanding before giving effect to the newly issued
shares in the offering.
For more information, please visit www.TinyTechVC.com
Contact:Charles E. Harris
(212) 582-0900
Copyright © Harris & Harris Group
If you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
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