ANDOVER, Mass., June 1, 2021 /PRNewswire/ -- Byrna
Technologies Inc. ("Byrna" or "the Company") (NASDAQ: BYRN) (CSE:
BYRN) today announced that it has filed a registration statement on
Form S-1 with the U.S. Securities and Exchange Commission (the
"SEC") relating to a proposed public offering of its common
stock. The Company currently expects an offering size of
approximately $50 million, although
the offering size, number of shares to be offered and the offering
price for the proposed offering have not yet been determined.
Byrna intends to use the net proceeds from the proposed offering
for working capital and other general corporate purposes. The
offering is subject to market and other conditions, and there can
be no assurance as to whether or when the offering may be completed
or as to the actual size or terms of the offering.
Raymond James & Associates,
Inc. will act as lead book-running manager, B. Riley Securities,
Inc. will act as book-running manager and Ladenburg Thalmann &
Co. will act as co-manager for the proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus may be
obtained, when available, from Raymond
James & Associates, Inc., 880 Carillon Parkway,
St. Petersburg, FL 33716,
Attention: Equity Syndicate, (800) 248-8863,
prospectus@raymondjames.com.
A 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 these securities
be accepted prior to the time that 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 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 Byrna Technologies Inc.
Byrna is a technology
company, specializing in the development, manufacture, and sale of
innovative non-lethal personal security solutions. For more
information on the Company, please visit the corporate website here
or the Company's investor relations site here. The Company is the
manufacturer of the Byrna® HD personal security device,
a state of the art handheld CO2 powered launcher
designed to provide a non-lethal alternative to a firearm for the
consumer, private security, and law enforcement markets. To
purchase Byrna products visit the Company's e-commerce store.
Forward Looking Information
This news release contains
"forward-looking statements" within the meaning of the U.S. and
Canadian securities laws. All statements contained in this news
release, other than statements of current and historical fact, are
forward-looking. Often, but not always, forward-looking statements
can be identified by the use of words such as "plans", "expects",
"projects", "intends", "anticipates" and "believes" and statements
that certain actions, events or results "may", "could", "would",
"should", "might", "occur" or "be achieved" or "will be taken."
Forward-looking statements include descriptions of currently
occurring matters which may continue in the future. Forward-looking
statements in this news release include but are not limited
to the planned offering of securities, the timing, price and
size of the offering, anticipated underwriters, and their roles,
and planned uses of proceeds. Forward-looking statements are based
on, among other things, opinions, assumptions, estimates and
analyses that, while considered reasonable by the Company at the
date the forward-looking information is provided, inherently are
subject to significant risks, uncertainties, contingencies and
other factors that may cause actual results and events to be
materially different from those expressed or implied.
Any number of risk factors could affect anticipated events and
outcomes and cause them to differ materially from those expressed
or implied by the forward-looking statements in this news release,
including comments from the Securities Exchange Commission, changes
in the business or the market for our securities or the economy or
securities markets generally and other factors that could
affect the market for our securities and changes to our business,
revenues, needs, business plans, competitive conditions, credit
terms, and availability of capital that could impact our capital
needs. The order in which these factors appear should not be
construed to indicate their relative importance or priority. We
caution that all risks cannot be anticipated and any list of risks
may not be exhaustive, accordingly, any forward-looking statements
contained herein should not be relied upon as a prediction of
actual results. Investors should carefully consider these and
other relevant factors, including those risk factors in Part I,
Item 1A in our most recent Form 10-K and subsequent
filings with the Securities and Exchange Commission ("SEC"), and
should not place undue reliance on forward-looking information. The
Company assumes no obligation to update or revise any
forward-looking information, except as required by applicable
law.
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SOURCE Byrna Technologies Inc.