News

17 December 2009

 

Finisar files SEC shelf registration statement for $100m public offering

Finisar Corp of Sunnyvale, CA, USA, which makes fiber-optic communications components and subsystems as well as network test & measurement systems, has filed a universal shelf registration statement on Form S-3 with the US Securities and Exchange Commission (SEC) which, when declared effective by the SEC, will provide the flexibility to offer and sell from time to time — in one or more public offerings — up to $100m of common stock, preferred stock and/or warrants to purchase any of these securities.

The net proceeds may be used for general corporate purposes, including acquisitions, capital expenditures and repayment of debt. The specifics of any potential future offering, along with the prices, terms and use of proceeds of any securities offered, will be determined at the time of the offering and will be described in a prospectus supplement.

“Since we have recently completed several transactions designed to strengthen our balance sheet, we have no immediate plans to offer additional securities,” notes executive chairman Jerry Rawls. “While there are no discussions of a strategic nature currently underway, having a shelf registration statement in place will allow us the flexibility to act on an expedited basis to take advantage of strategic opportunities should they arise.”

See related item:

Finisar’s capacity constraints suppress profit margin despite upturn

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