Ivivi Technologies, Inc. Announces Pricing of Its Initial Public Offering
October 19 2006 - 8:30AM
Business Wire
Ivivi Technologies, Inc. (AMEX: II) (the �Company�) today announced
the pricing of its initial public offering of 2,500,000 shares of
its common stock at a price to the public of $6.00 per share. The
shares will be listed on the American Stock Exchange and will trade
under the symbol �II� beginning October 19, 2006. The underwriters
of the offering have been granted an option for a period of 45 days
to purchase up to an aggregate of 375,000 additional shares of
common stock from the Company to cover over-allotments, if any. Net
proceeds to the Company from the offering are expected to be
approximately $12.5 million. Maxim Group LLC is acting as
representative of the underwriters of the offering and Brean
Murray, Carret & Co., LLC acted as co-manager of the offering.
This offering of common stock is being made only by means of a
written prospectus. Copies of the final prospectus may be obtained
from Maxim Group LLC, 405 Lexington Avenue, New York, New York
10174, (800) 724-0761. These securities are being issued pursuant
to a registration statement on Form SB-2 which was filed with and
declared effective by the Securities and Exchange Commission. This
press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor will there be any sale of
these securities, in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. About Ivivi Technologies, Inc. Based in Northvale,
NJ, Ivivi Technologies, Inc. is an early-stage medical technology
company focusing on designing, developing and commercializing
proprietary electrotherapeutic technologies. Electrotherapeutic
technologies use electric or electromagnetic signals to help
relieve pain, swelling and inflammation and promote healing
processes and tissue regeneration. Forward-Looking Statements This
press release contains forward looking statements that are subject
to risk and uncertainties, including, but not limited to, the
Company�s limited operating history, history of significant and
continued operating losses and substantial accumulated earnings
deficit, difficulties with its financial accounting controls, the
failure of the market for the Company�s products to continue to
develop, the inability for customers to receive third party
reimbursement, the inability to obtain additional capital, the
inability to protect the Company�s intellectual property, the loss
of any executive officers or key personnel or consultants,
competition, changes in the regulatory landscape or the imposition
of regulations that affect the Company�s products and other risks
detailed from time to time in the Company�s filings with the
Securities and Exchange Commission, including the Company�s
registration statement on Form SB-2. These risks could cause actual
results to differ materially from those expressed in any forward
looking statements made by, or on behalf of, the Company. The
Company assumes no obligation to update the information contained
in this press release. Ivivi Technologies, Inc. (AMEX: II) (the
"Company") today announced the pricing of its initial public
offering of 2,500,000 shares of its common stock at a price to the
public of $6.00 per share. The shares will be listed on the
American Stock Exchange and will trade under the symbol "II"
beginning October 19, 2006. The underwriters of the offering have
been granted an option for a period of 45 days to purchase up to an
aggregate of 375,000 additional shares of common stock from the
Company to cover over-allotments, if any. Net proceeds to the
Company from the offering are expected to be approximately $12.5
million. Maxim Group LLC is acting as representative of the
underwriters of the offering and Brean Murray, Carret & Co.,
LLC acted as co-manager of the offering. This offering of common
stock is being made only by means of a written prospectus. Copies
of the final prospectus may be obtained from Maxim Group LLC, 405
Lexington Avenue, New York, New York 10174, (800) 724-0761. These
securities are being issued pursuant to a registration statement on
Form SB-2 which was filed with and declared effective by the
Securities and Exchange Commission. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy,
nor will there be any sale of these securities, in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. About Ivivi
Technologies, Inc. Based in Northvale, NJ, Ivivi Technologies, Inc.
is an early-stage medical technology company focusing on designing,
developing and commercializing proprietary electrotherapeutic
technologies. Electrotherapeutic technologies use electric or
electromagnetic signals to help relieve pain, swelling and
inflammation and promote healing processes and tissue regeneration.
Forward-Looking Statements This press release contains forward
looking statements that are subject to risk and uncertainties,
including, but not limited to, the Company's limited operating
history, history of significant and continued operating losses and
substantial accumulated earnings deficit, difficulties with its
financial accounting controls, the failure of the market for the
Company's products to continue to develop, the inability for
customers to receive third party reimbursement, the inability to
obtain additional capital, the inability to protect the Company's
intellectual property, the loss of any executive officers or key
personnel or consultants, competition, changes in the regulatory
landscape or the imposition of regulations that affect the
Company's products and other risks detailed from time to time in
the Company's filings with the Securities and Exchange Commission,
including the Company's registration statement on Form SB-2. These
risks could cause actual results to differ materially from those
expressed in any forward looking statements made by, or on behalf
of, the Company. The Company assumes no obligation to update the
information contained in this press release.
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