Southwall Technologies, Inc. announced the completion, on 8 June 2002 of a follow-on public offering of 3,500,000 shares of its common stock at a price of US$ 4.50 per share. The managing underwriters…
Southwall Technologies, Inc. announced the completion, on 8 June 2002 of a follow-on public offering of 3,500,000 shares of its common stock at a price of US$ 4.50 per share. The managing underwriters for the offering were Needham & Company, Inc., Adams, Harkness & Hill, Inc. and Wells Fargo Securities, LLC. All of the shares were sold by the company. The net proceeds to the company from the offering were approximately US$ 14.8 million. Southwall designs and produces technologically advanced thin film coatings that selectively absorb, reflect or transmit electromagnetic radiation. Southwall products are used in a number of architectural, automotive and electronic products to enhance optical and thermal performance characteristics, improve user comfort and reduce energy costs. Copies of prospectuses relating to the offering may be obtained from the offices of Needham & Company, Inc., 445 Park Avenue, New York, NY 10022, Tel.: (212) 371-8300.