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Novadaq Technologies Inc. Message Board

  • whassup44 whassup44 Oct 13, 2013 3:36 PM Flag

    $ 250 million shelf registration filed

    Why do they need the money?

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    • looks official

    • fish_discover_water_last fish_discover_water_last Oct 14, 2013 9:28 AM Flag

      This is a shelf registration. not a particular offering. In other words they are laying the groundwork for a future offering or series of offerings that may or may not happen and may represent all or a small fraction of this entire amount. Under "Use of Proceeds" here's what they had to say.

      "Unless otherwise specified in a Prospectus Supplement, the net proceeds from the sale of the Securities will be used for general corporate purposes, including funding potential future acquisitions, capital expenditures, the investments required to commercialize PINPOINT and LUNA, the procurement of raw material supply and for future research and development of new product hardware and software and new imaging molecules such as those required for nerve imaging. The use of proceeds from the sale of any Securities will be described in a Prospectus Supplement relating to the specific issuance of Securities."

      much is boilerplate including the "potential future acquisitions"
      not that I doubt they will.

      Under the not boilerplate part I would list

      investments required to commercialize PINPOINT and LUNA
      future research and development of new product hardware and software and
      new imaging molecules such as those required for nerve imaging

    • Are you sure that you're not referring to the $50.3 million shelf registration filed back in May of this year?
      I can't find any information on a recent $250 million filing.

      Sentiment: Buy

 
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