On February 06,1996, 3-D Geophysical, Inc. of Englewood, CO (TDGO) offered 4,000,000 Common Shares on the NASDAQ-National Market at $7.500 through Rauscher Pierce Refsnes, Inc. The company was founded through a consolidation of land-based seismic data acquisition businesses in the U.S. and Mexico. The proceeds from the proposed offering will be used to finance the cash portion of the acquisition of seismic data companies, for debt repayment, repayment of capital lease obligations, the expansion of existing 3-D seismic survey capacity and convert 2-D crews to 3-D capability, for working capital and for general corporate purposes. After the offering, the company will have 7,000,000 shares outstanding.
On February 06,1996, American Bancshares, Inc. of Bradenton, FL (ABAN) offered 1,250,000 Common Shares on the NASDAQ-National Market at $6.000 through Advest, Inc. The company is a registered bank holding company for the American Bank of Bradenton, Bradenton, Florida. The proceeds from the proposed offering will be used for working capital and general corporate purposes, including investments in the Bank and possible market expansion in banking and businesses closely related to banking and possible acquisitions. After the offering, the company will have 3,632,570 shares outstanding.
On February 05,1996, ArthroCare Corporation of Sunnyvale, CA (ARTC) offered 2,200,000 Common Shares on the NASDAQ-National Market at $14.000 through Robertson, Stephens & Company. The company designs, develops, manufactures and markets arthoscopic equipment for use in orthopedics. The proceeds from the proposed offering will be used to increase manufacturing capacity, expanding sales and marketing, and fund research and development and for working capital and other general corporate purposes. After the offering, the company will have 8,131,600 shares outstanding.
On February 08,1996, CellularVision USA, Inc. of New York, NY (CVUS) offered 3,333,000 Common Shares on the NASDAQ-National Market at $15.000 through Dillon, Read & Co. Inc. The company owns a multichannel broadband cellular television system in an area which includes New York City under a 1,000 MHz commercial license from the Federal Communications Commission (the FCC). The proceeds from the proposed offering will be used to help build the company's multichannel broadband cellular television system, to purchase customer premises equipment, the repayment of debt and other general corporate purposes. After the offering, the company will have 16,000,000 shares outstanding.
On February 09,1996, Chancellor Corporation of Dallas, TX (CBCA) offered 6,700,000 Class A Common Shares on the NASDAQ-National Market at $20.000 through Smith Barney Inc. The company, after the acquisition, is the third largest company in the United States exclusively devoted to radio broadcasting and the fifth largest radio broadcasting company in the United States overall, based on 1994 net revenues. The proceeds from the proposed offering will be used to fund the acquisition by Chancellor Broadcasting of Trefoil Communications, Inc. Other uses for the proceeds could include the repayment of debt, to pay related fees and expenses and other general corporate purposes including working capital and the possible acquisition of radio stations. After the offering, the company will have 17,802,139 shares outstanding.
On February 08,1996, ContiFinancial Corporation of New York, NY (CFN) offered 6,200,000 Common Shares on the New York Stock Exchange at $21.000 through Merrill Lynch & Co. The company engages in the consumer and commercial finance business by originating and servicing home equity loans and providing financing and asset securitization expertise to originators of a broad range of loans, leases and receivables. Proceeds from the proposed offering will be used to repay and refinance intercompany debt owed to Continental Grain, for general corporate purposes including funding loan originations and purchases, supporting securitization transactions and other working capital needs. After the offering, the company will have 43,421,053 shares outstanding.
On February 06,1996, Digital Generation Systems, Inc. of San Francisco, CA (DGIT) offered 3,000,000 Common Shares on the NASDAQ-National Market at $11.000 through Hambrecht & Quist Incorporated. The company operates a nationwide multimedia network designed to provide electronic delivery and related services to the broadcast industry by linking content providers to broadcast stations. The proceeds from the proposed offering will be used for capital expenditures including network expansion, working capital, repayment of debt and other general corporate purposes. After the offering, the company will have 11,385,963 shares outstanding.
On February 05,1996, Documentum, Inc. of Pleasanton, CA (DCTM) offered 1,800,000 Common Shares on the NASDAQ-National Market at $24.000 through Morgan Stanley & Co. Incorporated. The company develops, markets and supports a family of object-oriented, client/server document management software products that specifically addresses the challenges of managing intellectual capital effectively across large enterprises. Proceeds from the proposed offering will be used for general corporate purposes, including working capital and capital expenditures. After the offering, the company will have 13,458,626 shares outstanding.
On February 07,1996, EndoVascular Technologies, Inc. of Menlo Park, CA (EVTI) offered 2,000,000 Common Shares on the NASDAQ-National Market at $12.000 through Hambrecht & Quist Incorporated. The company designs, develops and manufactures minimally invasive endovascular systems to repair diseased or damaged vascular structures. The proceeds from the proposed offering will be used to fund clinical trials, expansion of facilities, research and development, capital expenditures, working capital and general corporate purposes.
On February 08,1996, Globe Business Resources, Inc. of Cincinnati, OH (GLBE) offered 2,083,333 Common Shares on the NASDAQ-National Market at $11.500 through A.G. Edwards & Sons, Inc. The company is the third largest company in the rent-to-rent segment of the furniture rental industry. The proceeds from the proposed offering will be used to repay outstanding bank debt, to redeem preferred stock and for other general corporate purposes. After the offering, the company will have 3,989,506 shares outstanding.
On February 06,1996, Raptor Systems, Inc. of Waltham, MA (RAPT) offered 3,000,000 Common Shares on the NASDAQ-National Market at $15.000 through Montgomery Securities. The company develops, markets, licenses and supports a family of integrated software products that provide comprehensive, enterprise-wide security for organizational networks, including networks that are connected to the Internet. The proceeds from the proposed offering will be used for working capital and other general corporate purposes, including possible acquisitions. After the offering, the company will have 11,422,046 shares outstanding.
On February 07,1996, Renal Care Group, Inc. of Nashville, TN (RCGI) offered 3,900,000 Common Shares on the NASDAQ-National Market at $18.000 through Equitable Securities Corporation. The company is a national provider of dialysis and nephrology services for patients suffering from chronic kidney failure. The proceeds from the proposed offering will be used to repay debt and other general corporate purposes.
On February 08,1996, Rural Cellular Corporation of Alexandia, MN (RCCC) offered 3,000,000 Class A Common Shares on the NASDAQ-National Market at $10.000 through Dain Bosworth Incorporated. The company provides cellular communications service in five contiguous Rual Service Areas (RSAs) comprising most of the northern half of Minnesota and paging service in northern Minnesota and eastern North Dakota. The proceeds from the proposed offering will be used to reduce debt under a loan agreement with the St. Paul Bank for Cooperatives and for general corporate purposes. After the offering, the company will have 1,525,053 shares outstanding.
On February 07,1996, TB Wood's Corporation of Chambersburg, PA (TBW) offered 2,750,000 Common Shares on the New York Stock Exchange at $12.000 through CS First Boston. The company is an established designer, manufacturer and marketer of electronic and mechanical industrial power transmission products. Proceeds from the proposed offering will be used to repay debt and for other general corporate purposes including the possible purchase of the minority equity interest in the company's Canadian subsidiary and other debt repayments or repurchases. After the offering, the company will have 5,750,000 shares outstanding.
On February 07,1996, Trescom International, Inc. of Fort Lauderdale, FL (TRES) offered 4,545,455 Common Shares on the NASDAQ-National Market at $12.000 through Morgan Stanley & Co. Incorporated. The company is a facilities based long distance telecommunications carrier focused on international long distance traffic originating in the United States. The proceeds from the proposed offering will be used for debt repayment and general corporate purposes including working capital and capital expenditures. After the offering, the company will have 11,602,706 shares outstanding.
On February 07,1996, VocalTec Ltd. of Herzliya, Israel (VOCLF) offered 2,500,000 Ordinary Shares on the NASDAQ-National Market at $19.000 through Hambrecht & Quist Incorporated. The company is a leading provider of software that enables voice and audio communications over the Internet Phone, The proceeds from the proposed offering will be used for general corporate purposes including working capital and for capital expenditures. After the offering, the company will have 8,519,500 shares outstanding.
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