Financings In Brief: Matrix
Executive Summary
Matrix: Sells to recent secondary stock offering underwriters full over-allotment of 497,000 shares of common stock. The underwriters are Cowen & Co., Dillon Read and UBS Securities. Matrix offered 3.6 mil. shares at $13.25 per share. With the additional shares purchased, total proceeds will be approximately $54 mil., Matrix says. Cash on hand (adjusted) is now roughly $87 mil. Matrix currently has about 19 mil. shares outstanding. Matrix originally offered 3.6 mil. shares, expecting to gross $47.7 mil...