Dec. 29, 2003 — Harris & Harris Group Inc. announced a follow-on offering last week. The company will sell 2 million shares of its common stock at $8 per share.
The company intends to use the net proceeds of the offering to make new investments and follow-on investments on existing portfolio companies. The offering is being underwritten by Punk, Ziegel & Co. of New York.
Prior to the offering, Harris & Harris had 11,498,845 common shares outstanding. Harris & Harris is a New York-based business development company that invests in nanotechnology, MEMS and microsystems businesses.