Financings in Brief: Image Guided Technologies
This article was originally published in The Gray Sheet
Executive Summary
Image Guided Technologies: Files registration statement with the Securities and Exchange Commission for an initial public offering of 1.2 mil. shares. Boulder, Colorado-based IGT is developing "three-dimensional optical localizers used in medical and industrial applications, such as image-guided surgery and product design." A portion of proceeds from the offering will be used to repay outstanding debt "while the balance will represent new financing," the firm says. Underwriters led by Hampshire Securities Corporation hold an over-allotment option to buy 180,000 additional shares...