Graham Corporation Announces Filing of Universal Shelf Registration Statement
May 13 2024 - 8:05AM
Business Wire
Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a
global leader in the design and manufacture of mission critical
fluid, power, heat transfer and vacuum technologies for the
defense, space, energy, and process industries, announced today
that it has filed a universal shelf registration statement on Form
S-3 with the Securities and Exchange Commission (SEC). If and when
the shelf registration is declared effective, it will permit the
Company to offer and sell, from time to time in one or more
offerings, up to $150 million of common stock, preferred stock,
warrants, purchase contracts, units, or any combination of these
securities.
Christopher J. Thome, Chief Financial Officer, commented, “We
believe a shelf registration is a demonstration of good corporate
governance as it provides GHM with enhanced financial flexibility
to meet our long-term strategic goals. It enables us to access the
capital markets quickly and efficiently, if and when favorable
conditions align for the Company and our shareholders."
Should the Company decide to raise capital in a future offering
using the shelf registration statement, GHM will describe the
specific details of that future offering in a prospectus supplement
that is filed with the SEC.
The registration statement on Form S-3 has been filed with the
SEC but is not yet effective. These securities may not be sold nor
may offers to buy be accepted under the Form S-3 registration
statement prior to the time the Form S-3 registration statement
becomes effective. This News release shall not constitute an offer
to sell nor the solicitation of an offer to buy the securities that
are proposed to be registered on the Form S-3, nor shall there be
any sale of such securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any such state.
About Graham Corporation
GHM is a global leader in the design and manufacture of mission
critical fluid, power, heat transfer and vacuum technologies for
the defense, space, energy, and process industries. The Graham
Manufacturing and Barber-Nichols’ global brands are built upon
world-renowned engineering expertise in vacuum and heat transfer,
cryogenic pumps, and turbomachinery technologies, as well as its
responsive and flexible service and the unsurpassed quality
customers have come to expect from the Company’s products and
systems. Graham Corporation routinely posts news and other
important information on its website, grahamcorp.com, where
additional information on Graham Corporation and its businesses can
be found.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended.
Forward-looking statements are subject to risks, uncertainties
and assumptions and are identified by words such as “believe,”
“if,” “when,” “intended,” “should,” ”may”, “will,” and other
similar words and include all statements with respect to the
Company’s plans and expectations regarding its registration
statement on Form S-3 and any potential future offering or capital
raises and the use of proceeds therefrom. Because they are
forward-looking, they should be evaluated in light of important
risk factors and uncertainties. These risk factors and
uncertainties are more fully described in Graham Corporation’s most
recent Annual Report filed with the Securities and Exchange
Commission (the “SEC”), included under the heading entitled “Risk
Factors”, and in other reports filed with the SEC.
Should one or more of these risks or uncertainties materialize
or should any of Graham Corporation’s underlying assumptions prove
incorrect, actual results may vary materially from those currently
anticipated. In addition, undue reliance should not be placed on
Graham Corporation’s forward-looking statements. Except as required
by law, Graham Corporation disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this news release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240513870889/en/
For more information, contact: Christopher J. Thome Vice
President - Finance and CFO Phone: (585) 343-2216
Deborah K. Pawlowski Kei Advisors LLC Phone: (716) 843-3908
dpawlowski@keiadvisors.com
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