GenRad, Inc.
| Company Deal | offering of 1,165,000 shares of common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | GenRad, Inc., used its portion of the proceeds from this transaction to repay bank indebtedness incurred to provide working capital. The offering provided the company with additional permanent equity capital, which was required to support its increased volume of business. Of the shares offered in this transaction, 100,000 shares were sold by the selling stockholder, the GenRad Profit-sharing Trust. The company received no portion of the proceeds from those shares. |