CORRECTING and REPLACING Neah Closes Secondary Offering
May 11 2007 - 2:56PM
Business Wire
Please replace the release with the following corrected version due
to multiple revisions. The corrected release reads: NEAH CLOSES
SECONDARY OFFERING Neah Power Systems, Inc., (OTCBB: NPWS)
announces today that the Company has satisfied the minimum
requirements of its $6 million - $12 million, minimum/maximum
underwriting agreement with Empire Financial Group, Inc., an
affiliate of Empire Financial Holdings Company (AMEX: EFH) and the
underwriter has released the funds received-to-date from escrow.
The pricing was $0.55 for the common shares and warrant coverage of
75% in three equal tranches of $1.10 per share, $1.60 per share and
$2.00 per share. A prospectus for the offering may be obtained from
the Company or Empire Financial at the addresses below: Neah Power
Systems, Inc. 22122 20th Ave SE, Suite 161 Bothell, Washington
98021 Investor Relations, 425-424-3324 Empire Financial Group, Inc.
2170 West State Road 434, Suite 100 Longwood, FL 32779 Don
Wojnowski, (407) 774-1300 This is not an offer to sell these
securities, and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not permitted.
About Neah Power Systems Neah Power Systems, Inc. is a micro fuel
cell development company that owns a patented, silicon-based design
to provide long-lasting, efficient and safe power solutions for
portable electronic devices, including notebook PCs and other
power-hungry computer, entertainment, and communications products.
Further company information can be found at www.neahpower.com and
in the reports that have been filed with the Securities and
Exchange Commission, which are accessible at http://www.sec.gov.
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties, and other unknown factors that could cause
the actual results of the Company to be materially different from
the historical results or from any future results expressed or
implied by such forward-looking statements. In addition to
statements which explicitly describe such risks and uncertainties,
readers are urged to consider statements labeled with the terms
"believes," "belief," "expects," "intends," "anticipates," "will,"
or "plans" to be uncertain and forward-looking, including
statements relating to the completion of company milestones and the
delivey of form-factor prototype. The forward-looking statements
contained herein are also subject generally to other risks and
uncertainties that are described from time to time in the Company's
reports and registration statements filed with the Securities and
Exchange Commission.
Empire (AMEX:EFH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Empire (AMEX:EFH)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Empire Financial Holding (American Stock Exchange): 0 recent articles
More Neah Power Systems, Inc. News Articles