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 Strong Buy (4.00 out of 4)
97th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, June 26, 12:17 AM
Slide #40. Applied UV, Inc. — Preferred Stock Offering
Company: |
Applied UV, Inc. (NASDAQ:AUVI) |
Date announced: |
6/28/2021 |
Preferred Stock Offering Details: |
Applied UV, Inc. (NasdaqCM:AUVI) ("Applied UV" or the "Company"), an infection control technology company that applies the power of narrow-range ultraviolet light ("UVC") for surface areas and catalytic bioconversion technology for air purification to destroy pathogens safely, thoroughly, and automatically, announced the commencement of an underwritten public offering of its 10.5% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Applied UV expects to grant the underwriters a 45-day option to purchase additional shares of the Series A Preferred Stock in connection with the offering. The offering is subject to market and other 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. |
Applied UV is a holding company. Through its subsidiary, Munn Works, LLC (Munn Works), Co. is focused on the development, acquisition and commercialization of technology that address air purification and infection control in the healthcare, hospitality, commercial, municipal and residential markets. Co. provides science-based solutions and products in air purification under the Airocide brand and label and disinfection of hard surfaces under the Lumicide brand and label. MunnWorks is focused on the hospitality market, manufactures and supplies decorative framed mirrors, framed art, and vanities. MunnWorks provides Co. cross-selling opportunities for its Airocide and Lumicide products.
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