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Novadaq Technologies Inc. Message Board

  • vonpezel vonpezel Oct 25, 2013 9:09 PM Flag

    new share offering

    I believe the current offering should be closed out very soon, maybe by this Tues the 29th , although I can't remember where I read this. In any case I hope the new shares are oversubscribed, to show strong interest. It would be a good omen for the share price in both the short and long term.
    Comments?
    vonpezel

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    • vonpezel
      I believe the closing date of 10/29 was mentioned in their press release. Also, my recollection is that the press release did not indicate that an allowance was being made for over subscription, so I would be surprised if such happened.
      regards endo

      • 1 Reply to e11ndofwar
      • October 29, 2013
        Novadaq Announces Closing of its Previously Announced Bought Deal of Common Shares
        TORONTO, ONTARIO--(Marketwired - Oct. 29, 2013) - Novadaq(R) Technologies Inc. ("Novadaq" or the "Company") (TSX:NDQ)(NASDAQ:NVDQ), a developer of real-time medical imaging systems for use in the operating room, announced today the closing of its previously announced sale of 6,250,000 common shares, on a bought deal basis, at a price to the public of $16.75 per common share, pursuant to an underwriting agreement with Piper Jaffray & Co.

        Gross proceeds from the offering were approximately US$104.7 million. After the underwriting commissions and other offering expenses, Novadaq received net proceeds of approximately US$99.0 million. Piper Jaffray & Co. acted as sole manager for the offering. The common shares described above were sold by the Company in the United States pursuant to the Company's effective shelf registration statement filed with the U.S. Securities and Exchange Commission and were not offered for sale or distributed in any province or territory in Canada.
        assets. The Company currently has no present understandings, commitments or agreements to enter into any acquisitions or make any investments.

        Sentiment: Buy

    • andersongordon@ymail.com andersongordon Oct 27, 2013 2:11 AM Flag

      Last offering at $12.90, when I called to inquire, the shares were already accounted for by institutions and original investors. I have not tried to purchase share this time thru the same route, because the shares can be acquired cheaper on the open market. The exact same thing happened last time. Like you said, this will be a good omen once the offering is closed on Tuesday.

      GSA

      • 1 Reply to andersongordon
      • Now that the cash is in the bank, imo they don't need it for sales expansion nor trial studies, as the the last offering raised enough cash for those two areas.

        Additionally, they only used half of the filed registration ($250 mil offering), let's look who might be a good acquisition? Either using the the $100 mil cash or cash plus stock?

        What US company would blend perfectly in with what NVDQ is trying to do? Any idea's??

 
NVDQ
12.16+0.62(+5.37%)Oct 24 4:00 PMEDT

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