The Sharper Image, San Francisco, CA announced yesterday the filing of its registration statement with the Securities and Exchange Commission detailing its proposed public offering of 3.0 million shares of common stock – all of which the company plans to make available.
The company said it had also granted the underwriters an option to purchase an additional 450,000 shares of common stock for the purposes of covering any over-allotments, according to a statement. Proceeds from the offering are being planned for general corporate purposes, The Sharper Image’s Internet operations and an expansion of its fulfillment and distribution operation.
The company offering will be managed by J.P. Morgan & Co., New York and U.S. Bancorp Piper Jaffray, San Francisco.
When shares become available, a preliminary prospectus relating to offered shares will be made available J.P. Morgan as well as the SEC at www.sec.gov.
