15.02.2007 - LaserCard Corporation (NASDAQ:LCRD), a leading supplier of ID credentials used in biometric identification, announced the filing of a registration statement (the Registration Statement) with the Securities and Exchange Commission pursuant to Rule 415 under the Securities Act of 1933, as amended. After the Registration Statement has become effective, LaserCard may, from time-to-time, offer its common stock, preferred stock, and warrants (collectively, the Securities), which together have an aggregate initial public offering price of up to $100 million, with the aggregate number of common shares offered and those underlying any preferred stock and warrants that are offered limited to 3.5 million shares. The Securities may be offered, separately or together, in separate series, in amounts, at prices and on terms to be set forth in the prospectus contained in the Registration Statement.
The shelf Registration Statement is intended to provide the Company flexibility to raise funds from the offering of Securities, subject to market conditions and the Companys capital needs. Any offer to sell, or solicitation of an offer to buy such Securities, if and when such offer is made, shall be pursuant to the prospectus.
A registration statement relating to these Securities has been filed with the Securities and Exchange Commission but has not yet become effective. These Securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the Securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. |
