NORTHVILLE, Mich., March 19, 2012 /PRNewswire/ -- Amerigon
Incorporated (NASDAQ-GS: ARGN) ("Amerigon" or the "Company") today
announced that it plans to offer shares of its common stock, no par
value, in an underwritten public offering. The offering is being
made pursuant to a "shelf" registration statement on Form S-3 (File
No. 333-176887) that was filed with the Securities and Exchange
Commission, and that was declared effective by the U.S. Securities
and Exchange Commission ("SEC") on September
28, 2011. The Company plans to grant the underwriters
a 30-day option to purchase additional shares of common stock to
cover over-allotments, if any. The offering is subject to
market conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
Amerigon intends to use the net proceeds from this offering to
make future redemption installment payments on, and pay dividends
on, the Company's outstanding Series C 8% convertible preferred
stock and, to the extent not used for such purposes, to prepay its
outstanding debt obligations.
Roth Capital Partners will serve as the sole book-running
manager and Craig-Hallum Capital Group will serve as co-manager in
the offering.
Copies of the preliminary prospectus supplement and accompanying
base prospectus relating to this offering may be obtained from Roth
Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660, (800) 678-9147 or
email: rothecm@roth.com or by accessing the SEC's website,
www.sec.gov.
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 other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state or other
jurisdiction.
About Amerigon
Amerigon (NASDAQ-GS:ARGN) is a global developer and marketer of
innovative thermal management technologies for a broad range of
heating and cooling and temperature control applications.
Automotive products based on technologies developed by Amerigon and
its majority-owned subsidiary, W.E.T. Automotive Systems AG,
include actively heated and cooled seat systems and cup holders,
heated and ventilated seat systems, heated seat and steering wheel
systems, cable systems and other electronic devices. Its advanced
technology team is developing more efficient materials for
thermoelectrics and systems for waste heat recovery and electrical
power generation for the automotive market that may have
far-reaching applications for consumer products as well as
industrial and technology markets. Amerigon has more than 5,000
employees in facilities in the United
States, Germany,
Mexico, China, Canada, Japan, England, Korea and the Ukraine. For more
information, go to www.amerigon.com.
Certain matters discussed in this release are forward-looking
statements that involve risks and uncertainties, and actual results
may be different. Important factors that could cause the
Company's actual results to differ materially from its expectations
in this release are risks that sales may not significantly
increase, additional financing, if necessary, may not be available,
new competitors may arise and adverse conditions in the automotive
industry may negatively affect its results. The liquidity and
trading price of its common stock may be negatively affected by
these and other factors. Please also refer to Amerigon's SEC
filings and reports, including, but not limited to, its Form 10-K
for the year ended December 31, 2011;
all of which are available free of charge on the SEC's website at
www.sec.gov. Amerigon expressly disclaims any intent or obligation
to update any forward-looking statements.
Contact:
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Allen
& Caron Inc
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Jill
Bertotti (investors)
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jill@allencaron.com
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Len Hall
(media)
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len@allencaron.com
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(949)
474-4300
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SOURCE Amerigon Incorporated