Computer Access Technology Corporation Prices Secondary Public Offering of Common Stock by Selling Stockholders
March 17 2004 - 8:45AM
PR Newswire (US)
Computer Access Technology Corporation Prices Secondary Public
Offering of Common Stock by Selling Stockholders SANTA CLARA,
Calif., March 17 /PRNewswire-FirstCall/ -- Computer Access
Technology Corporation (CATC) , a communication protocols test and
measurement product and services company, today announced that its
secondary public offering of 4,250,000 shares of common stock owned
by Dan Wilnai, Peretz Tzarnotzky and Philips Semiconductors Inc.
was priced at $4.60 per share. In addition, the underwriter will
have a 30-day option to purchase up to 637,500 shares of common
stock from the selling stockholders to cover any over-allotments.
The Company will not sell any shares in the offering or receive any
proceeds from the offering. B. Riley &Co. is acting as the
underwriter in the secondary offering. The registration statement
relating to these securities was declared effective as of today at
4:00 p.m. (New York City time) by the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any securities, 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 registration or qualification under the securities
laws of any such state or jurisdiction. A copy of the Prospectus
relating to the offering may be obtained from the Prospectus
Department of B. Riley & Co., at 4675 MacArthur Court, Suite
1500, Newport Beach, CA 92660, or by calling 949-852-9911.
DATASOURCE: Computer Access Technology Corporation CONTACT: Carmine
J. Napolitano of Computer Access Technology Corporation,
+1-408-486-7786, or Web site: http://www.catc.com/
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