CDTi Announces Commencement of Rights Offering
29 Junio 2018 - 7:05AM
CDTi Advanced Materials, Inc. (Nasdaq:CDTI) (“CDTi” or “the
Company”), a leader in advanced emission control technology, today
announced it has commenced its previously disclosed rights offering
pursuant to which it plans to raise approximately $3,424,500
through the distribution of subscription rights and the exercise
thereof (the “Rights Offering”).
Under the Rights Offering, the Company will distribute
non-transferable subscription rights to purchase one share of
Common Stock for each share of Common Stock outstanding, at a
subscription price per share of $0.50, to its stockholders of
record as of June 28, 2018, as more fully described in the
prospectus supplement relating to the Rights Offering filed with
the Securities and Exchange Commission on June 28, 2018. The
Company will mail to stockholders of record as of the record date
subscription certificates evidencing subscription rights and a copy
of the prospectus supplement and accompanying prospectus for the
Rights Offering shortly.
The subscription rights will be exercisable for up to an
aggregate of 6,849,000 shares, with aggregate participation to be
allocated among holders on a pro rata basis if in excess of that
threshold. The subscription rights are non-transferable and may be
exercised only during the subscription period of June 29, 2018
through 5:00 PM EDT on Friday, July 13, 2018, unless extended.
This press release is not intended to and does not constitute an
offer to sell or the solicitation of an offer to subscribe for or
buy or an invitation to purchase or subscribe for any securities in
any jurisdiction, nor shall there be any sale, issuance or transfer
of securities in any jurisdiction in contravention of applicable
law. No offer of securities shall be made except by means of
a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended.
About CDTi Advanced MaterialsCDTi develops
advanced materials technology for the emissions control market.
CDTi’s proprietary technologies provide high-value sustainable
solutions to reduce hazardous emissions, increase energy efficiency
and lower the carbon intensity of on- and off-road combustion
engine systems. With a continuing focus on innovation-driven
commercialization and global expansion, CDTi’s breakthrough
Powder-to-Coat (P2C™) technology exploits the Company’s
high-performance, advanced low-platinum group metal (PGM) emission
reduction catalysts. Key technology platforms include Synergized
PGM (SPGM™) and Spinel™. For more information, please visit
www.cdti.com.
Forward-Looking StatementsThis press release
contains forward-looking statements regarding the distribution of
rights to purchase shares of CDTi’s common stock. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including the
extent of participation in the Rights Offering, risks associated
with the cash requirements of our business and other risks detailed
from time to time in our filings with the Securities and Exchange
Commission, and represent our views only as of the date they are
made and should not be relied upon as representing our views as of
any subsequent date. We do not assume any obligation to update any
forward-looking statements.
Contact Information: Moriah
Shilton or Kirsten ChapmanPhone: 415-433-3777Email:
cdti@lhai.com
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