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Strong Buy (4.00 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 7:22 AM
Slide #67. 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 subsidiaries, SteriLumen, Inc. (SteriLumen) and Munn Works, LLC (MunnWorks), Co. is a sales and marketing company that develops, acquires, markets and sells proprietary surface and air disinfection technology focused on Improving Indoor Air Quality, LED lighting and mirrors and commercial furnishings. SteriLumen owns, brands, and markets a portfolio of products utilizing ultraviolet light Carbon, Broad Spectrum UVC LED's, and Photo-catalytic oxidation pathogen elimination technology. MunnWorks manufactures and sells custom backlit mirrors, conference room and living spaces furnishings. Preferred: AUVIP
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