Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > News > NanoDynamics puts IPO on hold

August 8th, 2007

NanoDynamics puts IPO on hold

Abstract:
Blaming poor market conditions, NanoDynamics Inc. has postponed its initial public offering.

The Buffalo technology company announced earlier this summer it would offer 6.6 million common shares of its stock at a cost of $12 to $14 apiece. The goal was to raise $78.1 million, according to documents filed with the Securities and Exchange Commission.

In its S-1 filing in May, the company said it planned to use the IPO proceeds for capital equipment, to expand its manufacturing capabilities as well as for research and development and working capital.

The company said in Wednesday's announcement it would postpone the IPO, though it will continue to monitor financial markets closely to evaluate options in the best interest of its shareholders. According to the S-1 filing, over the past five years the company generated revenues of about $8.8 million, while incurring net losses of nearly $34 million.

Source:
bizjournals.com

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Arrowhead Hosts Investor & Analyst R&D Day to Introduce TRiM(TM) Platform and Lead RNAi-based Drug Candidates September 14th, 2017

Nanometrics Announces Upcoming Investor Events August 3rd, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Materials/Metamaterials

Strange but true: turning a material upside down can sometimes make it softer October 20th, 2017

MIPT scientists revisit optical constants of ultrathin gold films October 20th, 2017

Long nanotubes make strong fibers: Rice University researchers advance characterization, purification of nanotube wires and films October 17th, 2017

The secret to improving liquid crystal's mechanical performance: Better lubricating properties of lamellar liquid crystals could stem from changing the mobility of their structural dislocations by adding nanoparticles October 13th, 2017

Announcements

Creation of coherent states in molecules by incoherent electrons October 21st, 2017

Novel 'converter' heralds breakthrough in ultra-fast data processing at nanoscale: Invention bagged four patents and could potentially make microprocessor chips work 1,000 times faster October 20th, 2017

Strange but true: turning a material upside down can sometimes make it softer October 20th, 2017

Leti Coordinating Project to Develop Innovative Drivetrains for 3rd-generation Electric Vehicles: CEA Techís Contribution Includes Litenís Knowhow in Magnetic Materials and Simulation And Letiís Expertise in Wide-bandgap Semiconductors October 20th, 2017

Water

Magnetized viruses attack harmful bacteria: Rice, China team uses phage-enhanced nanoparticles to kill bacteria that foul water treatment systems August 2nd, 2017

Bacteria-coated nanofiber electrodes clean pollutants in wastewater July 1st, 2017

Smart materials used in ultrasound behave similar to water, Penn chemists report June 16th, 2017

Plasmonics could bring sustainable society, desalination tech June 2nd, 2017

Fuel Cells

Hydrogen power moves a step closer: Physicists are developing methods of creating renewable fuel from water using quantum technology September 15th, 2017

More durable, less expensive fuel cells: University of Delaware researchers have developed a new technology that could speed up the commercialization of fuel cell vehicles September 5th, 2017

Engineers pioneer platinum shell formation process Ė and achieve first-ever observation August 11th, 2017

Argonne National Laboratoryís Continuous ALD Technology Licensed Exclusively to Forge Nano July 7th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project