Bolder Technologies Corp.'s Underwriters Exercise Over-Allotment OptionJanuary 11, 2000 by Jeff Shepard
Bolder Technologies Corp. (Golden, CO) recently announced that First Security Van Kasper, the underwriters for its recent public offering of common stock, has exercised its over-allotment option in full, resulting in the sale of an additional 330,000 shares and the receipt of net proceeds for Bolder of approximately $2.8 million. According to Bolder, with the sale of the additional shares, the total size of the Bolder offering is 2,530,000 shares with total net proceeds of approximately $21.2 million. The company has approximately 14.5 million shares of common stock outstanding."We are pleased with the success of our public offering," said Roger Warren, president, chairman and CEO of Bolder. "We believe this successful transaction further underscores the enthusiasm in the investment community for profitability commercializing the TMF technology. This further strengthens Bolder's financial position and enables us to aggressively market our line of SecureStart products, as well as develop other innovative products based on TMF technology."