Home > News > NanoDynamics puts IPO on hold
August 8th, 2007
NanoDynamics puts IPO on hold
Abstract:
Blaming poor market conditions, NanoDynamics Inc. has postponed its initial public offering.
The Buffalo technology company announced earlier this summer it would offer 6.6 million common shares of its stock at a cost of $12 to $14 apiece. The goal was to raise $78.1 million, according to documents filed with the Securities and Exchange Commission.
In its S-1 filing in May, the company said it planned to use the IPO proceeds for capital equipment, to expand its manufacturing capabilities as well as for research and development and working capital.
The company said in Wednesday's announcement it would postpone the IPO, though it will continue to monitor financial markets closely to evaluate options in the best interest of its shareholders. According to the S-1 filing, over the past five years the company generated revenues of about $8.8 million, while incurring net losses of nearly $34 million.
Source:
bizjournals.com
Bookmark:
| Related News Press |
Investments/IPO's/Splits
Daikin Industries becomes OCSiAl shareholder July 27th, 2021
INBRAIN Neuroelectronics raises over €14M to develop smart graphene-based neural implants for personalised therapies in brain disorders March 26th, 2021
180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021
Materials/Metamaterials/Magnetoresistance
Nanoscale CL thermometry with lanthanide-doped heavy-metal oxide in TEM March 8th, 2024
Focused ion beam technology: A single tool for a wide range of applications January 12th, 2024
Announcements
Nanotechnology: Flexible biosensors with modular design November 8th, 2024
Exosomes: A potential biomarker and therapeutic target in diabetic cardiomyopathy November 8th, 2024
Turning up the signal November 8th, 2024
Nanofibrous metal oxide semiconductor for sensory face November 8th, 2024
Water
Taking salt out of the water equation October 7th, 2022
Fuel Cells
Current and Future Developments in Nanomaterials and Carbon Nanotubes: Applications of Nanomaterials in Energy Storage and Electronics October 28th, 2022
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||