Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sun, December 5, 5:52 AM

Slide #26. Applied UV, Inc. Preferred Stock Offering

Company: Applied UV, Inc. (NASDAQ:AUVI)
Date announced: 7/13/2021
Shares Offered: 480,000
Date of Pricing: 7/13/2021
Price Per Share: $25.00
Preferred Stock Offering Details: Applied UV, Inc. (NASDAQ:AUVI) ("Applied UV" or the "Company"), an infection prevention technology company that applies the power of narrow-range ultra violet light ("UVC") to destroy pathogens safely, thoroughly, and automatically, today announced the pricing of its underwritten registered public offering of 480,000 shares of 10.5% Series A Cumulative Perpetual Preferred Stock, with liquidation preference of $25.00 per share (the "Series A Preferred Stock"), at an initial public offering price of $25.00 per share, raising gross proceeds of $12.0 million before deducting underwriting discounts and other estimated offering expenses. The offering is expected to close on or about July 16, 2021, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 45-day option to purchase up to an additional 72,000 shares of Series A Preferred Stock. Dividends on the Series A Preferred Stock will be paid when declared by the Company's Board of Directors at a fixed rate of 10.5% of the $25.00 liquidation preference per year, payable monthly, equivalent to $2.625 per year. The shares of Series A Preferred Stock are expected to be traded on Nasdaq under the symbol "AUVIP" on July 20, 2021.

Applied UV is engaged in developing, designing and manufacturing disinfection systems, that eliminate pathogens that may cause healthcare-acquired infections (HAIs). Co. conducts all of its operations through SteriLumen and Munn Works. Sterilumen was formed to engage in the design, manufacture, assembly and distribution of the SteriLumen Disinfecting System (UVC LED embedded in various bathroom fixtures as an infection prevention apparatus) for use in hospitals and other healthcare facilities.
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Applied UV Inc
Medical Instruments & Supplies
Number of ETFs Holding AUVI: 
2 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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