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Nexxus Lighting Announces Follow-On Offering of Common Stock to Cover Over-Allotments

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Oct 31 2009

Nexxus Lighting, Inc. (NASDAQ:NEXS) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed follow-on offering of its common stock.

Nexxus Lighting intends to offer 5,000,000 shares and the underwriters have an option to purchase an additional 750,000 shares of Nexxus Lighting's common stock to cover over-allotments. The Company intends to use the net proceeds to repay indebtedness and for working capital and general corporate purposes.

Canaccord Adams Inc. is the sole book-runner of the proposed offering and Wedbush Securities will serve as co-manager for the transaction.

Source: http://www.nexxuslighting.com/

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