Universal Display Corporation today announced the pricing of an offering of 2.8 million shares of its common stock at a price of $14.50 per share. The offering is being conducted pursuant to Universal Display's effective shelf registration statement. The offering is expected to close on May 22, 2007. Universal Display plans to use the net proceeds for working capital and general corporate purposes, including funding for research and development efforts, acceleration of the development efforts, investments and acquisitions relating to complementary businesses, technologies and intellectual property, and prosecution and defense of intellectual property rights.
Posted: May 18,2007 by Ron Mertens
