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Non-Tech : Harris & Harris Group (TINY) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (107)8/22/2005 2:15:32 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 142
 
TINY raises another $32 million. This should bump the net asset value per share up to approximately $5.88.

Harris & Harris Group, Inc. Announces Pricing of Public Offering of 3,050,000 Shares of Common Stock

Wednesday August 17, 7:02 pm ET

NEW YORK--(BUSINESS WIRE)--Aug. 17, 2005--Harris & Harris Group, Inc. (NASDAQ: TINY - News) 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.

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biz.yahoo.com