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Precision Optics Corporation, Inc. Announces Proposed Public Offering of Common Stock

POCI
  • Precision Optics Corporation (NASDAQ: POCI) announced the commencement of an underwritten public offering of its common stock or common stock equivalents.
  • The offering is subject to market conditions with no assurance regarding completion, timing, size, or terms.
  • Lucid Capital Markets is serving as the sole book-running manager for the offering.
  • The offering is conducted pursuant to a shelf registration statement on Form S-3 filed with the SEC on June 7, 2024, amended on June 11, 2024, and declared effective on June 14, 2024.
  • Preliminary prospectus supplements and accompanying prospectuses will be filed with the SEC and are available at www.sec.gov or by contacting Lucid Capital Markets in New York.
  • Precision Optics Corporation, founded in 1982, designs & manufactures optical instruments for the medical & defense/aerospace industries using proprietary micro-optics, 3D imaging, & digital imaging technologies.
  • The company provides services from product concept to mass manufacture, including in-house design, prototyping, regulatory support, & fabrication capabilities.
  • In the healthcare sector, Precision Optics supplies imaging systems for minimally invasive surgery & 3D endoscopy to support surgical robotics, along with complex endocouplers & specialized endoscopes.
  • The company leverages micro-optics proficiency for defense/aerospace applications requiring high quality standards & optimized size, weight, & power.
  • The press release contains forward-looking statements regarding the offering's completion & timing, which involve risks & uncertainties that may cause actual results to differ materially from projections.
  • Company contact information is located at 22 East Broadway, Gardner, Massachusetts, with investor inquiries directed to Lytham Partners, LLC.