INVN to sell 2.5 million in new shares; an insider bails:
biz.yahoo.com
Tuesday February 12, 5:00 pm Eastern Time
Press Release
SOURCE: InVision Technologies, Inc.
InVision Technologies Announces a Follow-On Offering of 3,000,000 Shares of Common Stock
NEWARK, Calif.--(BUSINESS WIRE)--Feb. 12, 2002--InVision Technologies, Inc. (Nasdaq:INVN - news) today announced that it has filed a registration statement with the Securities and Exchange Commission for the proposed public offering of 3,000,000 shares of common stock, of which 2,500,000 shares are to be sold by InVision Technologies in a new financing and 500,000 shares are to be sold by a selling stockholder. Merrill Lynch & Co., Lehman Brothers, SG Cowen Securities Corporation and Needham & Company, Inc. are the managing underwriters in the offering. The underwriters will have an option to purchase up to an additional 450,000 shares of common stock from selling stockholders solely to cover over-allotments.
Copies of the prospectus relating to the offering may be obtained from the offices of Merrill Lynch & Co., World Financial Center, North Tower, 250 Vesey Street, New York, New York, 10281, 212/449-1000; Lehman Brothers, 745 Seventh Avenue, New York, New York 10019, 212/526-7000; SG Cowen Securities Corporation, 1221 Avenue of the Americas, New York, New York 10020, 212/278-6000; and Needham & Company, Inc., 445 Park Avenue, New York, New York, 10022, 212/371-8300.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
About InVision Technologies
InVision Technologies develops, manufactures, markets and supports explosive detection systems based on advanced Computed Tomography (CT) technology for civil aviation security. InVision, through its wholly owned subsidiaries, also develops and commercializes technologies used for other security purposes as well as scanning, optimization and control systems for the forest products industry.
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Contact:
InVision Technologies, Inc.
Jordan Goldstein, 510/739-2448 |
