Short Take: Clarus files for follow-on public offering
Clarus, which automates the procurement and management of operating resources for business-to-business e-commerce, has filed a registration statement with the Securities and Exchange Commission for a proposed follow-on public offering of approximately 1.5 million shares of common stock. Based on the current market price of the company's common stock, it is expected that the company will offer approximately 1.28 million shares and selling stockholders will offer approximately 215,000 shares, Clarus reported. It expects that the registration statement will be effective and that the offering will commence in the first quarter of 2000.
Clarus, which automates the procurement and management of operating resources for business-to-business e-commerce, has filed a registration statement with the Securities and Exchange Commission for a proposed follow-on public offering of approximately 1.5 million shares of common stock. Based on the current market price of the company's common stock, it is expected that the company will offer approximately 1.28 million shares and selling stockholders will offer approximately 215,000 shares, Clarus reported. It expects that the registration statement will be effective and that the offering will commence in the first quarter of 2000.