APA Optics, Inc. Gets $2.45 Million Common Stock Investment
Minneapolis. APA Optics, Inc. (Nasdaq: APAT) announced today that it has sold 118,956 shares of its common stock to one institutional investor through Ladenburg Thalmann & Co., Inc., placement agent and underwriter for the sale. The common stock was purchased at a negotiated price of $2,450,000 and net proceeds to the company will be $2,341,500.
The company plans to use the net proceeds for general corporate purposes, including expansion of production facilities, sales and marketing of the DWDM-based product line, and working capital.
APA Optics, Inc. manufactures and markets advanced products for the fiber optic communications, optoelectronics and laser industries, including wavelength division multiplexing (WDM) components, ultraviolet (UV) detectors, nitride epitaxial layers and custom optics.
Contact:
Anil K. Jain of APA Optics, Inc.
Tel: 763-784-4995
or
Roy Wallace, for APA Optics, Inc.
Tel: 651-452-9800
Anil K. Jain of APA Optics, Inc.
Tel: 763-784-4995
or
Roy Wallace, for APA Optics, Inc.
Tel: 651-452-9800
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