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Ronkonkoma's CVD plans $8.3M stock offering

Leonard Rosenbaum, founder of CVD in Ronkonkoma

Leonard Rosenbaum, founder of CVD in Ronkonkoma Photo Credit: Daniel Goodrich, 2010

CVD Equipment Corp., a Ronkonkoma maker of nanotechnology tools, will offer a new issue of 841,695 shares of common stock at $10.50 per share. Final approval of the stock issue could come Friday.

CVD plans to use the resulting $8.3 million for general corporate purposes, including working capital.

The sole underwriter for the offering is ThinkEquity LLC. The company also granted a 30-day option to ThinkEquity for another 126,255 shares to cover over-allotments, if needed.

If the offering is approved a prospectus will be made available through the SEC's website or from prospectus@thinkequity.com.

CVD's industrial systems are sold under the brand names First Nano EasyTube, EasyGas and EasyExhaust.

Its products are used to make "carbon nanotubes, nanowires... (light-emitting diodes), semiconductors, industrial coatings and equipment for surface mounting of components onto printed circuit boards."

Above left is Leonard A. Rosenbaum, the president and chief executive, who founded the company in 1982.

 

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