Business Context and Reporting Period
Universal Display Corporation filed this Form 8-K on March 18, 2004, reporting an event that occurred on March 17, 2004. The filing details a public offering of common stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on the terms of a capital raise.
- Shares Offered: 2,500,000 shares of Common Stock.
- Offering Price: $12.00 per share.
- Over-Allotment Option: Underwriters granted a 30-day option to purchase up to an additional 375,000 shares.
- Underwriters: SG Cowen Securities Corporation, Needham & Company, Inc., and Harris Nesbitt Corp.
Material Changes
The filing does not provide comparative financial data or discuss material changes to prior periods. The primary change is the execution of an underwriting agreement to issue new equity.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the offering terms. The offering is registered under the Securities Act of 1933 via Form S-3 Registration Statements (File Nos. 333-88950 and 333-112077).
Investor Verification Checklist
- Verify the final number of shares sold, including whether the 375,000 share over-allotment option was exercised.
- Confirm the actual net proceeds received by the company after underwriting discounts and expenses.
- Review the full Underwriting Agreement (Exhibit 1.1) for lock-up provisions or specific use of proceeds.
- Check subsequent filings for the impact of this dilution on earnings per share.