Harris & Harris announces proposed follow-on public stock offering
By APMonday, October 5, 2009
Harris & Harris announces proposed share offering
NEW YORK — Harris & Harris Group Inc. announced a proposed follow-on public offering of its common shares on Monday.
The venture capital company said the stock’s offering price will depend on market conditions at the time it’s priced, along with consultation with the offering’s underwriter.
The company filed a shelf registration statement for the offering with the Securities and Exchange Commission. Needham & Co. is the sole book running manager for the offering.
Shares of Harris & Harris, which invests in nanotechnology and microtechnology, fell 15 cents, or 2.7 percent, in after-hours trading, after finishing regular trading down 26 cents, or 4.5 percent, at $5.55.
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