Ann Arbor, Mich., March 06, 2019 (GLOBE NEWSWIRE) -- Coherix, Inc., a global leader in 3D machine vision technology, today announced a Regulation A+ Tier 2 offering of 2.5 million shares of its Common Stock to the public at $6 per share.
Coherix is seeking gross proceeds of $15 million and will use the net proceeds to fund global sales and marketing, product development and debt reduction.
“Proceeds from this offering will help us capitalize on high demand for 3D machine vision technology, particularly for adhesive-dispensing processes in automotive and electronics manufacturing,” said Coherix CEO Dwight Carlson. “The offering also will give investors the potential for growth over the long term.”
An offering statement for these securities has been qualified by the U.S. Securities and Exchange Commission (SEC) and enables Coherix, Inc. to sell its Common Stock to the public. Interested parties may visit www.coherixinvest.com. This news release shall not constitute an offer to sell or solicit an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AT: Coherix Offering Circular YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.
About Coherix
Coherix, Inc. develops and manufactures high-speed, high-definition 3D machine vision products that enable its customers to manage high-volume precision manufacturing processes. Coherix products are designed for inspection and error-proofing in the automotive, semiconductor and electronics industries. The company’s customers and partners include global end users, system integrators and distributors who demand 100 percent reliability. Headquartered in Ann Arbor, Michigan, the company also has offices in China, Germany, Singapore and a sales partnership in Japan.