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All Press Releases for May 5, 2007 Subscribe to this News Feed    
 

NanoDynamics, Inc. Files Registration Statement for Initial Public Offering

BUFFALO, N.Y. (Business Wire EON/PRWEB ) May 5, 2007 -- NanoDynamics, Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering (IPO) of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

NanoDynamics intends to use a portion of the net proceeds from the offering for capital equipment and expansion of its manufacturing capabilities, research and development, and sales and marketing activities. The company will use the remaining net proceeds for general corporate purposes.

Jefferies & Company, Inc. is acting as the sole book-running manager of the offering.

When available, copies of the prospectus relating to the offering may be obtained from Jefferies & Company, Inc. at 520 Madison Ave., 12th Fl., New York, N.Y., 10012; Phone: (212) 284-2300.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About NanoDynamics

Headquartered in Buffalo, N.Y., NanoDynamics, Inc. develops and markets products, advanced materials and process technologies that provide clean technology solutions for todays global challenges, with the principal focus on the energy, environmental, and infrastructure markets.

See the original story at: http://eon.businesswire.com/releases/nanodynamics/offering/prweb524312.htm

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