Key Developments: Nanophase Technologies Corp (NANX.PK)

NANX.PK on OTC Markets Group

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24 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Nanophase Technologies Corp Announces Completion of Fully Subscribed $2.4 Million Stockholder Rights Offering
Tuesday, 24 Jul 2012 04:00pm EDT 

Nanophase Technologies Corp announced that it has completed its previously disclosed rights offering, which expired in accordance with its terms on July 20, 2012. Total gross proceeds to the Company from the rights offering will be approximately $2.4 million. The rights offering was fully subscribed. Stockholders exercising their basic and oversubscription rights purchased a total of 7,250,000 shares of the Company's common stock, which was the maximum number of shares offered in the rights offering, at a price of $0.33 per full share. Subscription rights that were not exercised by 5:00 p.m., New York City time, on July 20, 2012 have expired.  Full Article

Nanophase Technologies Corporation Comments On FY 2012, FY 2013 Revenue Guidance-Conference Call
Friday, 18 May 2012 10:00am EDT 

Nanophase Technologies Corporation announced that the Company expects to create and grow new revenue for fiscal 2012 and fiscal 2013.  Full Article

Nanophase Technologies Corporation Announces Plans For Rights Offering To Stockholders
Thursday, 17 May 2012 05:00pm EDT 

Nanophase Technologies Corporation announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the SEC) for a rights offering to existing holders of its common stock, par value $0.01 per share. Assuming the rights offering is fully subscribed, Nanophase will receive gross proceeds of approximately $2.4 million, less expenses of the rights offering. The rights offering will be made through the distribution of non-transferable subscription rights to purchase their pro rata portion of 7,250,000 shares of the Company's common stock at a subscription price of $0.33 per share. The record date for the distribution of the rights and the dates for both the subscription period and the expiration of the rights offering will be included in the final prospectus. The purpose of this rights offering is to raise equity capital in a cost-effective manner that gives Nanophase's stockholders the opportunity to participate. The net proceeds will be used for general corporate purposes.  Full Article

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