| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Frisby Technologies, Inc. |
| Freeport, NY |
| The company is engaged in the development and commercialization of innovative advanced thermal management products for use in a broad range of consumer and industrial products such as gloves, boots, athletic footwear, apparel, etc. |
| Manager | Tier | Phone |
| Barington Capital Group, L.P. | Lead Manager | (212) 974-5700 |
| NASSCM: | FRIZ | Manufacturing: | SIC 3086 | |
| Type of Shares: | Common Shares | Filing Date: | 1/29/98 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 3/31/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $8.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.68 | |
| Offering Amount: | $11,200,000 | Selling: | $0.34 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 4,880,613 | |||
| Employees: | 13 |
| Issuer's Law Firm: | Ruskin, Moscov, Evans & Faltischek |
| Bank's Law Firm: | Kramer, Levin, Naftalis, Nessen, Kamin & Frankel |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $1.21 | $0.92 | $0.95 | Assets: | $0.64 |
| Net Income: | -$0.09 | -$0.75 | -$0.01 | Curr Assets: | $0.48 |
| EPS: | -$0.03 | -$0.24 | $0.00 | Liabilities: | $1.45 |
| Prior EPS: | $0.00 | Curr Liab: | $1.35 | ||
| Cash Flow/Oper: | -$0.07 | -$0.55 | $0.02 | Equity: | -$0.81 |
| Cash Flow/Fin: | $0.10 | $0.53 | $0.01 | Cash: | $0.02 |
| Cash Flow/Inv: | -$0.03 | -$0.02 | Working Cap: | -$0.87 | |
| Competition |
| The markets for thermal management products are widely diversified and highly competitive. The Company will compete against current and future competitors that manufacture, produce and sell natural and synthetic thermal management products. Certain of the companies with which the Company competes have substantially greater technical, financial, research and development, and marketing resources than the Company. There can be no assurance that the Company will be able to compete successfully with existing or new competitors. |
| Business Plan |
| Through mid-1996, the Company focused its efforts on acquiring, identifying and testing potential applications for its innovative thermal management products and developing its supply chain infrastructure. Having now obtained licenses to its technology and identified select applications in which to initially market its thermal management products and having completed testing and development of products with manufacturers in several fields, the Company's primary objective is to increase acceptance and usage of its thermal management products in select high performance applications within high-volume targeted industries through strategic partnerships with leaders in such industries while continuously introducing new products in response to the demands of the marketplace. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for sales and marketing, product development, capital expenditures, research and development and working capital.. |
| Additional Underwriter Compensation |
| Warrant to purchase 160,000 shares/units at $160.00 per share/unit. |