CDTi Extends Rights Offering Through July 20
13 Julio 2018 - 4:39PM
CDTi Advanced Materials, Inc. (Nasdaq:CDTI) (“CDTi” or “the
Company”), a leader in advanced emission control technology, today
announced it has extended until July 20, 2018, 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”).
CDTi has chosen to extend the offering period to give
stockholders, particularly those holding shares in street name who
may have only recently received applicable materials, additional
time to participate in the Rights Offering should they desire to do
so. The company directs stockholders holding shares in street name
who are interested in participating in the Rights Offering but who
have not received materials to contact their broker(s).
Rights Offering TermsUnder the Rights Offering,
the Company distributed 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 subscription rights are 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 extended subscription period of June 29, 2018,
through 5:00 PM EDT on July 20, 2018.
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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