Hudson Technologies, Inc. (NASDAQ: HDSN; “Hudson” or the “Company”),
today announced that it has filed a universal shelf registration
statement for its securities on Form S-3 with the Securities and
Exchange Commission (SEC). This registration statement will replace the
Company’s existing universal shelf registration statement which will
cease to be effective in January 2016.
When the shelf registration is declared effective by the SEC, the
Company will have the option to offer and sell, from time to time in one
or more future public offerings, up to $50 million of its securities
covered by the registration statement. In addition, the registration
statement also covers potential sales of a limited number of shares of
the Company’s common stock owned by some of the Company officers as set
forth in the registration statement.
Specific terms and share prices of any future offerings by Hudson, under
this registration statement will be established at the time of any such
offering, and will be described in a prospectus supplement that Hudson
will file with the SEC. Hudson has no immediate plans to raise capital
under the shelf registration statement.
A registration statement relating to these securities has been filed
with the SEC, but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. 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
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction. Any offer of these securities will be made
solely by means of the prospectus included in the registration statement
and any applicable prospectus supplement that may be issued with respect
to such offering.
A copy of the prospectus included in the registration statement may be
obtained on the SEC’s web site at www.sec.gov.
In addition, when available, copies of the prospectus, and any
applicable prospectus supplement relating to a particular offering, may
be obtained by contacting Hudson Technologies, Attention: Brian F.
Coleman, One Blue Hill Plaza, 14th Floor, Pearl River, New
York 10965.
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider of innovative solutions
to recurring problems within the refrigeration industry. Hudson's
proprietary RefrigerantSide® Services increase operating
efficiency and energy savings, and remove moisture, oils and other
contaminants frequently found in the refrigeration circuits of large
comfort cooling and process refrigeration systems. Performed at a
customer's site as an integral part of an effective scheduled
maintenance program or in response to emergencies, RefrigerantSide®
Services offer significant savings to customers due to their ability to
be completed rapidly and at higher purity levels, and can be utilized
while the customer's system continues to operate. In addition, the
Company sells refrigerants and provides traditional reclamation services
to the commercial and industrial air conditioning and refrigeration
markets. For further information on Hudson, please visit the Company's
web site at www.hudsontech.com.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
Statements contained herein which are not historical facts constitute
forward-looking statements. Such forward-looking statements involve a
number of known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, but are not limited to, the Company's expectations
regarding the SEC's approval of the effectiveness of the registration
statement, the Company's ability, should it choose to do so, to raise
capital through the sale of securities under the registration statement,
the limitations on the Company's ability to cause the shelf registration
to be declared effective by the SEC, changes in operations, financial
results and economic conditions that limit the Company's ability to
raise additional capital, changes in the markets for refrigerants
(including unfavorable market conditions adversely affecting the demand
for, and the price of, refrigerants), the Company's ability to source
refrigerants, regulatory and economic factors, seasonality, competition,
litigation, the nature of supplier or customer arrangements which become
available to the Company in the future, adverse weather conditions,
possible technological obsolescence of existing products and services,
possible reduction in the carrying value of long-lived assets, estimates
of the useful life of its assets, potential environmental liability,
customer concentration, the ability to obtain financing, risks
associated with the Company’s joint venture which include the ability of
the parties to perform their obligations under the joint venture
agreement, any delays or interruptions in bringing products and services
to market, the timely availability of any requisite permits and
authorizations from governmental entities and third parties as well as
factors relating to doing business outside the United States, including
changes in the laws, regulations, policies, and political, financial and
economic conditions, including inflation, interest and currency exchange
rates, of countries in which the joint venture may seek to conduct
business, the Company’s ability to successfully integrate any assets it
acquires from third parties into its operations, and other risks
detailed in the Company's most recent Form 10-K and other subsequent
periodic reports filed with the Securities and Exchange Commission. The
words "believe", "expect", "anticipate", "may", "plan", "should" and
similar expressions identify forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date the statement was made.
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