CUI Global to sell $10 million of common shares through public sale

Deal funds working capital, capital expenditures, corporate purposes

By Devika Patel

Knoxville, Tenn., Nov. 1 - CUI Global, Inc. plans to conduct a $10 million public offering of common stock, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission. Craig-Hallum Capital Group is the underwriter and has a 30-day greenshoe option.

The company will sell up to 2 million shares.

Proceeds will be used for working capital, capital expenditures and other general corporate purposes, including debt repayment.

CUI Global is a Portland, Ore., company that makes electronic components including power supplies, transformers, converters and industrial controls for manufacturers.

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