Hudson Technologies Files Universal Shelf Registration Statement
PEARL RIVER, N.Y.--(BUSINESS WIRE)-- Hudson Technologies, Inc. (NASDAQ: HDSN; "Hudson" or the "Company"), today announced that it has filed a universal shelf registration statement for its securities on Form S-3 with the Securities and Exchange Commission (SEC).
When the shelf registration is declared effective by the SEC, the Company will have the option to offer and sell, from time to time in one or more future public offerings, up to $50 million of its securities covered by the registration statement. In addition, the registration statement also covers potential sales of certain shares of the Company's common stock owned by some of the Company officers as set forth in the registration statement.
Specific terms and share prices of any future offerings by Hudson, under this registration statement will be established at the time of any such offering, and will be described in a prospectus supplement that Hudson will file with the SEC. Hudson has no immediate plans to raise capital under the shelf registration statement.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and any applicable prospectus supplement that may be issued with respect to such offering.
A copy of the prospectus included in the registration statement may be obtained on the SEC's web site at www.sec.gov. In addition, when available, copies of the prospectus, and any applicable prospectus supplement relating to a particular offering, may be obtained by contacting Hudson Technologies, Attention: Brian F. Coleman, One Blue Hill Plaza, 14th Floor, Pearl River, New York 10965.
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson's proprietary RefrigerantSide® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer's site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide® Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer's system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. For further information on Hudson, please visit the Company's web site at www.hudsontech.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the Company's expectations regarding the SEC's approval of the effectiveness of the registration statement, the Company's ability, should it choose to do so, to raise capital through the sale of securities under the registration statement, the limitations on the Company's ability to cause the shelf registration to be declared effective by the SEC, changes in operations, financial results and economic conditions that limit the Company's ability to raise additional capital, changes in the markets for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements which become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, risks associated with the Company's joint venture which include the ability of the parties to perform their obligations under the joint venture agreement, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the joint venture may seek to conduct business, the Company's ability to successfully integrate any assets it acquires from third parties into its operations, and other risks detailed in the Company's periodic reports filed with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
Institutional Marketing Services (IMS)
John Nesbett/Jennifer Belodeau
Hudson Technologies, Inc.
Brian F. Coleman, President & COO
KEYWORDS: United States North America New York
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