IMPCO Technologies Prices Public Offering of 4,000,000 Shares
February 01 2005 - 10:17AM
PR Newswire (US)
IMPCO Technologies Prices Public Offering of 4,000,000 Shares
CERRITOS, Calif., Feb. 1 /PRNewswire-FirstCall/ -- IMPCO
Technologies, Inc. (NASDAQ:IMCO) today announced the pricing of its
public offering of 4,000,000 shares of its common stock at a price
of $5.75 per share. Net proceeds to IMPCO after expenses are
expected to be approximately $20.6 million. IMPCO has also granted
an option to the underwriters to purchase an additional 600,000
shares of common stock. First Albany Capital Inc. is the lead
underwriter and sole book-running manager of the offering and Adams
Harkness, Inc. is a co-managing underwriter. Printed copies of the
prospectus supplement relating to the offering may be obtained by
contacting First Albany Capital Inc., 1 Penn Plaza, New York, New
York, 10119. A registration statement relating to these securities
was filed with and has been declared effective by the U.S.
Securities and Exchange Commission. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
any of the securities of IMPCO, and there shall be no sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. For further information, please contact: investor
relations, Mr. Dale Rasmussen of IMPCO Technologies,
+1-206-315-8242. DATASOURCE: IMPCO CONTACT: investor relations, Mr.
Dale Rasmussen of IMPCO Technologies, +1-206-315-8242
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