CyberOptics Corporation (Nasdaq: CYBE), today announced the filing of a shelf registration on Form S-3 with the Securities and Exchange Commission (SEC).
Under the shelf registration statement, when declared effective by the SEC, CyberOptics may offer and sell from time to time in the future in one or more public offerings up to $30 million of common stock and warrants or any combination thereof. The specifics of any future offering, along with the prices, terms and the use of proceeds of any securities offered by CyberOptics, will be determined at the time of any offering and will be described in detail in a prospectus supplement filed at the time of the offering.
The shelf registration on Form S-3 filed by CyberOptics has not yet become effective. The securities covered by the registration statement may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective and an appropriate prospectus supplement is filed. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any state or jurisdiction. Any offering of the securities covered by the registration statement will only be by means of a prospectus and an accompanying prospectus supplement.
Founded in 1984, CyberOptics Corporation is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. Our products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, we conduct worldwide operations through facilities in North America, Asia and Europe.