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News Breaks | | | | December 14, 2012 | | 06:03 EDT |  | IRIX | IRIDEX announces final results of its tender offer
IRIDEX Corporation announced the final results of its tender offer to purchase up to 487,500 shares of its common stock at a purchase price of $4.10 per share, which expired at 5:00 p.m., New York City time, on Friday, December 7. IRIDEX has accepted for payment an aggregate of 487,500 shares of its common stock, including all "odd lots" properly tendered, at a purchase price of $4.10 per share, for a total cost of approximately $2M. These shares represent approximately 5.5% of IRIDEX's currently issued and outstanding shares of common stock. Based on the final count by Computershare Inc., the depositary for the tender offer, 1.43M shares of IRIDEX common stock were properly tendered and not withdrawn, excluding any conditional tenders that were not accepted due to the specified condition not being satisfied. IRIDEX has been informed by the depositary that, after giving effect to the priority for "odd lots," the final pro-ration factor is approximately 32.9%. The depositary will promptly pay for the shares accepted for purchase and will return all other shares tendered. | |
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| May 16, 2013 | | 06:02 EDT | | IRIX | IRIDEX receives final $510K from sale of aesthetic business unit
IRIDEX announced that it has received the final $510,000 cash payment from the February 2012 sale of its aesthetic business unit. The cash was released to IRIDEX from an escrow account set up as part of the transaction. | |
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