ANDOVER, Mass., July 12, 2021 /PRNewswire/ -- Byrna
Technologies Inc. (NASDAQ: BYRN) (CSE: BYRN) ("Byrna" or "the
Company") today announced that it has launched an underwritten
public offering of 2,250,000 common shares. The underwriters have a
30-day option to purchase up to 337,500 additional shares of common
stock in the public offering. Byrna intends to use the net proceeds
from this offering for working capital and other general corporate
purposes.
Raymond James & Associates,
Inc. is acting as lead book-running manager for the offering. B.
Riley Securities, Inc. is acting as book-running manager and
Ladenburg Thalmann & Co. Inc. is acting as co-manager for the
offering.
The offering will be made only by means of a prospectus. Copies
of the prospectus may be obtained 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 an emerging
non-lethal technology company, specializing in the development and
manufacture of innovative less lethal equipment and munitions. 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, which looks to be the leading choice in the consumer and
private security markets for non-lethal home protection, personal
safety, and security.
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.