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Article: AULT INCORPORATED ANNOUNCES PUBLIC OFFERING.
- Article from:
- Business Wire
- Article date:
- October 29, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS--(BUSINESS WIRE)--Oct. 29, 1996--Ault Incorporated announced today that it has filed a registration statement with the Securities and Exchange Commission for the sale of 1,800,000 shares of its common stock. The shares will be sold to the public through an underwriting group led by Principal Financial Securities, Inc. of Dallas, Texas and Cruttenden Roth, Inc. of Irvine, CA. The Company expects the offering to become available to the public in November.
Proceeds of the offering are to be used for working capital, repayment of bank debt, purchase of capital equipment and expansion of manufacturing capabilities in South Korea, China and ...
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