Allied Motion Files Universal Shelf Registration Statement on Form S-3
December 27 2018 - 6:50AM
Business Wire
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Company”), a
designer and manufacturer that sells precision controlled motion
products and solutions to the global market, announced that it has
filed a universal shelf registration statement on Form S-3 with the
United States Securities and Exchange Commission (“SEC”). Under the
shelf registration statement, once declared effective by the SEC,
Allied Motion may, from time to time in one or more future
offerings, issue various types of securities, including common
stock, preferred stock, debt securities, and warrants up to an
aggregate amount of $250 million.
“We are being proactive in our efforts to support our growth
strategy and believe it is good corporate governance to have a
shelf registration statement as it provides the Company with
efficient access to the capital markets and increased financial
flexibility,” commented Dick Warzala, Chairman and CEO.
The shelf registration statement relating to these securities
has been filed with the SEC 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 news
release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in
any jurisdiction in which an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction. Any offering of the
securities covered under the shelf registration statement will be
made solely by means of a prospectus and an accompanying prospectus
supplement relating to that offering. A copy of the prospectus
included in the registration statement may be obtained on the SEC’s
website at www.sec.gov.
After the shelf registration statement becomes effective, Allied
Motion may offer and sell securities covered by the registration
statement through one or more methods of distribution, subject to
market conditions and the Company’s capital desires or needs. The
terms of any offering under the shelf registration statement will
be established at the time of such offering and will be described
in a prospectus supplement filed with the SEC prior to completion
of the offering.
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) designs, manufactures and sells
precision and specialty controlled motion components and systems
used in a broad range of industries within our major served
markets, which include Vehicle, Medical, Aerospace & Defense,
and Industrial. The Company is headquartered in Amherst, NY, has
global operations and sells into markets across the United States,
Canada, South America, Europe and Asia.
Allied Motion is focused on controlled motion applications and
is known worldwide for its expertise in electro-magnetic,
mechanical and electronic motion technology. Its products include
brush and brushless DC motors, brushless servo and torque motors,
coreless DC motors, integrated brushless motor-drives, gear motors,
gearing, modular digital servo drives, motion controllers,
incremental and absolute optical encoders, and other associated
motion control-related products. The Company is also a leading
developer and manufacturer of active (electronic) and passive
(magnetic) products to resolve power quality and harmonic issues
associated with industrial power conversion.
The Company’s growth strategy is focused on being the controlled
motion solutions leader in its selected target markets by
leveraging its “technology/know how” to develop integrated
precision solutions that utilize multiple Allied Motion
technologies to “change the game” and create higher value solutions
for its customers. The Company routinely posts news and other
important information on its website at
http://www.alliedmotion.com/.
Safe Harbor Statement
The statements in this news release that relate to future plans,
events or performance are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate, or imply future
results, performance, or achievements, and may contain the word
“believe,” “anticipate,” “expect,” “project,” “intend,” “will
continue,” “will likely result,” “should” or words or phrases of
similar meaning. Forward-looking statements involve known and
unknown risks and uncertainties that may cause actual results to
differ materially from the expected results described in the
forward-looking statements. The risks and uncertainties include
those associated with: the domestic and foreign general business
and economic conditions in the markets we serve, including
political and currency risks and adverse changes in local legal and
regulatory environments; the introduction of new technologies and
the impact of competitive products; the ability to protect the
Company’s intellectual property; our ability to sustain, manage or
forecast its growth and product acceptance to accurately align
capacity with demand; the continued success of our customers and
the ability to realize the full amounts reflected in our order
backlog as revenue; the loss of significant customers or the
enforceability of the Company’s contracts in connection with a
merger, acquisition, disposition, bankruptcy, or otherwise; our
ability to meet the technical specifications of our customers; the
performance of subcontractors or suppliers and the continued
availability of parts and components; changes in government
regulations; the availability of financing and our access to
capital markets, borrowings, or financial transactions to hedge
certain risks; the ability to attract and retain qualified
personnel who can design new applications and products for the
motion industry; the ability to implement our corporate strategies
designed for growth and improvement in profits including to
identify and consummate favorable acquisitions to support external
growth and the development of new technologies; the ability to
successfully integrate an acquired business into our business model
without substantial costs, delays, or problems; our ability to
control costs, including the establishment and operation of low
cost region manufacturing and component sourcing capabilities; and
other risks and uncertainties detailed from time to time in the
Company’s SEC filings. Actual results, events and performance may
differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements as a prediction of
actual results. Any forward-looking statement speaks only as of the
date on which it is made. New risks and uncertainties arise over
time, and it is not possible for us to predict the occurrence of
those matters or the manner in which they may affect us. The
Company has no obligation or intent to release publicly any
revisions to any forward looking statements, whether as a result of
new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20181227005161/en/
Company:Sue ChiarmonteAllied Motion Technologies
Inc.716-242-8634 x602sue.chiarmonte@alliedmotion.com
Investors:Deborah K. PawlowskiKei Advisors
LLC716-843-3908dpawlowski@keiadvisors.com
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