BK Technologies Corporation Announces Closing of Public Offering, Including Full Exercise of Underwriters Over-allotment Option
WEST MELBOURNE, FL / ACCESSWIRE / June 9, 2021 / BK Technologies Corporation (NYSE American:BKTI), ( BK Technologies or the Company ) today announced the closing of its previously announced public offering of 4,249,250 shares of its common stock at a public offering price of $3.00 per share, for aggregate gross proceeds of $12,747,750, before deducting underwriting discounts and commissions and estimated offering expenses. The shares sold in the offering include the exercise in-full by the underwriters of their over-allotment option to purchase up to 554,250 shares of common stock in addition to the 3,695,000 shares of the Company s common stock, which the underwriters initially agreed to purchase.
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BK Technologies Corporation Announces Proposed Public Offering of Common Stock
WEST MELBOURNE, FL / ACCESSWIRE / June 3, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the Company.
ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering.
The Company expects to grant the underwriter a 45-day option to purchase up to an additional 15% of the number of shares of common stock sold in the offering to cover over-allotments, if any. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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