Moldflow Completes Public Offering of Stock
13 December 2000
Moldflow Completes Public Offering of Stock
WAYLAND, Mass.--Dec. 13, 2000--Moldflow Corporation , a world leader in process-wide solutions for optimizing the design and manufacture of plastic products, today announced the completion of the public offering of 2,305,000 shares of its common stock at a price of $19 per share.Of these shares, 575,000 were sold by the Company and 1,730,000 were sold by certain selling stockholders. The offering was co-managed by Adams, Harkness & Hill, Inc., Robert W. Baird & Co. and A.G. Edwards & Sons, Inc. The net proceeds to Moldflow from the offering will be used to fund the related transaction expenses, with the remaining funds being used for general corporate purposes, including working capital, capital expenditures, and any future acquisitions. Moldflow will not receive any of the proceeds from the sale of shares by the selling stockholders.
Information on the factors and risks that could affect Moldflow's business, financial condition and results of operations are included under the "Risk Factors" section of Moldflow's registration statement on Form S-1 (File No. 333-49824), which was filed with and declared effective by the Securities and Exchange Commission and is available at http://www.sec.gov. Copies of all or any portion of the registration statement can be obtained from the Public Reference Section of the SEC, 450 Fifth Street, N.W., Washington, D.C., 20549.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Moldflow Corporation
Moldflow is a world leader in plastic simulation software used by designers and manufacturers to produce optimal plastic parts. The automotive, aerospace, computer, consumer goods, and medical industries have incorporated Moldflow's easy to use, predictive applications throughout all phases of the injection molded plastic part design to manufacture processes to reduce product costs, accelerate time-to-market and optimize plastic part production. The company has employees worldwide and maintains its corporate headquarters in Wayland, MA. The company also has research and development facilities in Australia, Europe and Ithaca, NY and direct sales and marketing offices throughout the US, Europe and the Pacific Rim. For more information about Moldflow call 508-358-5848; or fax us at 508-358-5868.
Note to editors: Moldflow is a registered trademark of Moldflow Corporation or its subsidiaries worldwide. All other trademarks are properties of their respective holders.