Microphase registers $11.5 million of stock for initial public sale

Bookrunner Joseph Gunnar helps fund development and working capital

By Devika Patel

Knoxville, Tenn., July 28 – Microphase Corp. will price its initial public offering of common stock with a 45-day greenshoe, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The company has registered up to $11.5 million of stock for the deal.

Joseph Gunnar & Co. is the bookrunner.

Proceeds will be used for product development, working capital and other general corporate purposes.

The Shelton, Conn., company designs, manufactures and sells microwave electronics components for radar, electronic warfare and communication systems. It intends to list its common stock on the OTCBB exchange.

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