Procyte Corp. (NASDAQ:PRCY) of Kirkland, Wash., announcedTuesday that it has filed with the Securities and ExchangeCommission for an offering of 2 million shares of common stockwith an overallotment option of 300,000 shares. The offeringwill be co-managed by William Blair & Co. and Dain BosworthInc.
This is the company's third round of public financing. Procytewent public in November 1989, raising $9.3 million. It raisedanother $7.1 million from a secondary offering completed lastMay. After the current offering is complete, the company willhave between 9.5 and 9.8 million shares outstanding. Procyte'sstock closed Tuesday at $8.75, down $1.25 a share.
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