| Ticker: ALYN | 16871 Noyes Avenue | |
| Exchange: NASDAQ-National Market | Irvine, California 92606 | |
| Industry: Manufacturing | (714) 475-1525 |
| Type of Shares: | Common Shares | Filing Date: | 7/30/96 | |
| U.S. Shares: | 2,750,000 | Offer Date: | 10/22/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.50 - $13.50 | |
| Primary Shares: | 2,750,000 | Offer Price: | $13.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.95 | |
| Offering Amount: | $34,375,000 | Selling: | $0.57 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,750,000 |
| Manager | Tier | Phone |
| Furman Selz Incorporated | Lead Manager | (212) 309-8200 |
| Needham & Company | Co-manager | (212) 371-8300 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $0.32 | $0.10 | $0.22 | Assets: | $2.65 |
| Net Income: | -$0.32 | -$0.04 | -$0.01 | Liabilities: | $3.03 |
| EPS: | -$0.04 | -$0.01 | Equity: | -$0.38 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Alyn designs, develops, manufactures and markets consumer and industrial products utilizing its proprietary advanced metal matrix composite materials, which it believes have a superior combination of physical properties. These properties include strength, light weight, stiffness hardness and fracture resistance. The company has developed technology, for which it obtained a patent in January 1996, for the application of boron carbide in combination with aluminum in lightweight metal matrix composites under the name Boralyn(R). Boron carbide, a principal component of Boralyn(R), is an advanced ceramic that is the third hardest metal in the world, and the hardest material available at a commercially reasonable cost. The company believes that no other material offers a range of properties comparable to those Boralyn(R) provides. Boralyn(R) is lighter and can be more easily fabricated than Titanium; has a higher specific stiffness than titanium, aluminum or specialty steel. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for capital expenditures for new production facilities, equipment and tooling and management information systems; to repay stockholder loans and accrued interest; for marketing activities for Boralyn products, the remainder will be used for working capital and general corporate purposes. |
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