Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Precision Optics to Raise $2.5M in Stock Sale

Photonics.com
Sep 2012
GARDNER, Mass., Sept. 27, 2012 — Precision Optics Corp. Inc. will sell stock shares to investors to raise approximately $2.5 million, the company said recently.

The optical instrument manufacturer will collaborate with institutional and accredited investors to sell and purchase an aggregate of approximately 2.8 million shares of common stock, and five-year warrants to purchase up to approximately 1.9 million shares of common stock.

The unit price for the private placement is 90 cents; the warrants have an exercise price of $1.25 per share, subject to adjustment and a call provision.

Net proceeds will fund startup costs for the company’s previously announced microendoscopes order (See: Precision Optics Nabs $1M Endoscope Order), as well as other recently received orders for new products.

For more information, visit: www.poci.com


GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.