Color Kinetics Announces Exercise of Over-Allotment Option in Public Offering
December 13 2006 - 10:17AM
PR Newswire (US)
BOSTON, Dec. 13 /PRNewswire-FirstCall/ -- Color Kinetics
Incorporated (NASDAQ:CLRK), a leading innovator of LED lighting
systems and technologies, today announced that the underwriters of
its recent common stock offering have exercised in full their
over-allotment option to purchase an additional 541,350 shares of
Color Kinetics common stock from certain selling stockholders. The
over-allotment option was granted to the underwriters in connection
with the offering of 3,609,000 shares of Color Kinetics common
stock. At the completion of the offering, after giving effect to
the exercise of the over-allotment option, Color Kinetics will have
approximately 21,287,715 shares issued and outstanding. Color
Kinetics will not receive any proceeds from the sale of shares by
the selling stockholders. The sole book-running manager of the
offering is Deutsche Bank Securities Inc. The co-lead manager is
CIBC World Markets Corp. and the co-managers are ThinkEquity
Partners LLC and Canaccord Adams Inc. Copies of the final
prospectus relating to the offering may be obtained from Deutsche
Bank Securities Inc., 60 Wall Street, 4th Floor, New York, NY
10005, from the offices of any of the underwriters identified
above, or from the SEC's Web site at http://www.sec.gov/. The
offering is being made pursuant to an effective registration
statement. 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 jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
About Color Kinetics Color Kinetics Incorporated (NASDAQ:CLRK)
transforms environments through new, dynamic uses of light. Its
award-winning lighting systems and technologies apply the benefits
of LEDs as a highly efficient, long lasting, environmentally
friendly, and inherently digital source of illumination --
reinventing light itself as a highly controllable medium. Color
Kinetics also enables widespread adoption of LED lighting through
OEM and licensing partnerships in diverse markets. The company is
headquartered in Boston, MA with offices in the UK, China, and
Japan. More information is available at
http://www.colorkinetics.com/. "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: Statements in
this press release regarding Color Kinetics Incorporated's business
that are not historical facts are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Readers are cautioned that these statements involve risks
and uncertainties, are only predictions and may differ materially
from actual future events and results. For a discussion of such
risks and uncertainties, see "Risk Factors" in the Company's Annual
Report on Form 10-K for the Twelve Months Ended December 31, 2005,
File Number 000-50798, and most recent 10-Q, each as filed with the
Securities and Exchange Commission. Contacts: Felicia Spagnoli
Justine Alonzo Media Relations Investor Relations Color Kinetics
Incorporated Color Kinetics Incorporated 617-701-2292 617-701-2272
DATASOURCE: Color Kinetics Incorporated CONTACT: Felicia Spagnoli,
+1-617-701-2292, , or Justine Alonzo Incorporated, +1-617-701-2272,
, both of Color Kinetics Incorporated Web site:
http://www.colorkinetics.com/
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