Attached files
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8-K - FORM 8-K - XENONICS HOLDINGS, INC. | a55878e8vk.htm |
EX-4.1 - EX-4.1 - XENONICS HOLDINGS, INC. | a55878exv4w1.htm |
EX-5.1 - EX-5.1 - XENONICS HOLDINGS, INC. | a55878exv5w1.htm |
EX-10.1 - EX-10.1 - XENONICS HOLDINGS, INC. | a55878exv10w1.htm |
EX-10.2 - EX-10.2 - XENONICS HOLDINGS, INC. | a55878exv10w2.htm |
Exhibit 99.1
Investor Contact: | Company Contact: | |||
Berkman Associates | Alan Magerman, Chairman | |||
(310)826-5051 | (760) 477-8900 | |||
info@BerkmanAssociates.com | xenonics@xenonics.com | |||
Xenonics Completes Registered Offering
CARLSBAD, CALIFORNIA April 21, 2010 XENONICS HOLDINGS, INC. (NYSE AMEX:XNN), a leading
manufacturer of illumination systems for the military and safety agencies, today announced that it
has completed an agreement with institutional investors to sell 1,100,000 shares of its common
stock at a price per share of $0.50. The gross proceeds of the offering are $550,000. The company
also issued the investors 1,100,000 warrants to purchase shares in the company for 5 years. The
warrants are exercisable 6 months after the closing of the offering at a price of $0.65. This
$550,000 completes the $2,000,000 financing which the company entered into with institutional
investors.
The Company does not anticipate the need for any additional financing. The net proceeds of the
offering will be used to build inventory to satisfy the pending demands for the Companys products.
EarlyBirdCapital, Inc. acted as exclusive placement agent for the transaction.
The common stock is being offered by Xenonics pursuant to an effective registration statement(s) on
Form S-3 filed with the Securities and Exchange Commission. A prospectus relating to the offering
will be filed with the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction. The securities may only be offered by means of a
prospectus. Copies of the prospectus can be obtained from the SECs website at
http://www.sec.gov/.
About Xenonics
Xenonics Holdings, Inc. (NYSE AMEX: XNN) develops and produces advanced, lightweight and compact
ultra-high-intensity illumination and low-light vision products for military, law enforcement,
public safety, and commercial and private sector applications. Xenonics NightHunter line of
illumination products is used by every branch of the U.S. Armed Forces as well as law enforcement
and security agencies. Its SuperVision high-definition night vision is designed for commercial and
military applications. Employing patented technologies, Xenonics provides innovative solutions for
customers who must see farther so they can do their jobs better and safer. Xenonics products
represent the next generation in small, high intensity, high efficiency illumination and low-light
vision systems. Visit Xenonics on the web at www.xenonics.com.
Forward-Looking Statements
Except for the historical statements, statements in this release may constitute forward-looking
statements within the meaning of section 21E of the Securities Exchange Act of 1934. When used, the
words anticipates, believes,
expects, intends, future, and other similar expressions identify forward-looking statements.
These forward-looking statements reflect managements current views with respect to future events
and financial performance and are subject to risks and uncertainties, and actual results may differ
materially from the outcomes contained in any forward-looking statement. Factors that could cause
these forward-looking statements to differ from actual results include delays in development,
marketing or sales of new products, and other risks and uncertainties discussed in the companys
periodic reports on Form 10-K and 10-Q and other filings with the Securities and Exchange
Commission. Xenonics Holdings undertakes no obligation to update or revise any forward-looking
statements.
* * * * * * | #0000 |
3186 Lionshead Avenue, Carlsbad, CA 92010
(760) 477-8900 fax (760) 477-8896 www.xenonics.com email xenonics@xenonics.com
(760) 477-8900 fax (760) 477-8896 www.xenonics.com email xenonics@xenonics.com