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Beazer Homes

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shares slid as the homebuilder became the latest company to price an offering of common shares.

Beazer Homes

said it priced an offering of 12.5 million common shares at $5.81 per share, matching Tuesday's closing price. The offering should result in net proceeds of approximately $68.5 million, the homebuilder said.

Beazer Homes also announced the pricing of tangible equity units and senior unsecured notes. Underwriters in the common stock and tangible equity units offerings were granted a 30-day option to purchase up to an additional 1.875 million shares of common stock and 450,000 tangible equity units to cover overallotments.

Net proceeds from these concurrent offerings will be used to fund, or replenish cash used to fund, debt repurchases, Beazer said. Shares of Beazer Homes were down 11 cents, or 1.9%, to $5.70. Volume topped 6.57 million shares, compared to the three-month average daily volume of 3.42 million.


USA Technologies


announced a $3 million public offering of common shares and warrants, priced at 90 cents each. The warrants have a 2013 expiration and an exercise price of $1.13 per common share. Net proceeds of the offering will be used for general corporate purposes, including financing for the manufacture of its e-Port cashless payment products for the Jump Start Program, the company said.

USA Technologies was lately down 11.7% to 82 cents.

Alexza Pharmaceuticals

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said late Tuesday it has filed a shelf registration to sell, from time to time, up to $75 million in mixed securities. The stock was little changed on the announcement, down a penny to $3.42.



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said in a regulatory filing that it may, from time to time, offer to sell shares of common stock or debt securities, although no amount was determined. The shelf registration came as the company said its first-quarter profit rose from a year ago. Shares were rising 3.3% to $117.15.


China Agritech


said in a prospectus that selling shareholders may offer up to 3.15 million shares for resale. China Agritech said it will not receive any proceeds from the sale of the shares. The stock was lately down 5.1% to $13.86.

-- Written by Robert Holmes in Boston


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