SimpleTech, Inc. Announces Underwriters' Exercise of Over-Allotment Option
November 04 2003 - 8:30AM
PR Newswire (US)
SimpleTech, Inc. Announces Underwriters' Exercise of Over-Allotment
Option SANTA ANA, Calif., Nov. 4 /PRNewswire-FirstCall/ --
SimpleTech, Inc. today announced that, on October 30, 2003, the
underwriters of the company's follow-on public offering exercised
their option to purchase 1,500,000 additional shares of the
company's common stock at $7.00 per share, less the applicable
underwriting discount, from the company and certain selling
shareholders to cover over-allotments. Lehman Brothers Inc. managed
the offering. Needham & Company, Inc., Thomas Weisel Partners
LLC and The Seidler Companies Incorporated served as co-managing
underwriters. Registration statements relating to the additional
1,500,000 shares were filed with and have been declared effective
by the Securities and Exchange Commission. This press release shall
not constitute an offer to sell or solicitation of an offer to buy,
nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. Copies of the final prospectus relating to the offering may
be obtained from the offices of Lehman Brothers, c/o ADP Financial
Services, Integrated Distribution Services, 1155 Long Island
Avenue, Edgewood, NY 11717, phone: 631-254-7106, fax: 631-254-7268,
Email: . About SimpleTech SimpleTech, Inc. designs, manufactures
and markets custom and open-standard memory solutions based on
Flash memory and DRAM technologies. Headquartered in Santa Ana,
California, the company offers a comprehensive line of over 2,500
products and specializes in developing high-density memory modules,
memory cards and storage drives. DATASOURCE: SimpleTech, Inc.
CONTACT: Mitch Gellman, Director of Investor Relations of
SimpleTech, Inc., +1-949-260-8328, Web site:
http://www.simpletech.com/
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