SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 12, 1996
BARRINGER TECHNOLOGIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-3207 84-0720473
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
219 South Street, New Providence, New Jersey 07974
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (908) 665-8200
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Item 5. Other Events.
On November 12, 1996, Barringer Technologies Inc. (the "Company") announced
that it had agreed to sell, through an underwriting syndicate led by Janney
Montgomery Scott Inc., 1,250,000 shares of its common stock and 1,250,000 common
stock purchase warrants. A copy of the Company's press release has been filed as
an Exhibit to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 28.1 Press Release, dated November 12, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BARRINGER TECHNOLOGIES INC.
By:/s/ Richard S. Rosenfeld
_________________________
Richard S. Rosenfeld,
Chief Financial Officer
Dated: November 19, 1996
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EXHIBIT INDEX
Exhibit
28.1 Press Release, dated November 12, 1996.
[BARRINGER LETTERHEAD]
For Release: Immediately
Contact: Stanley Binder, CEO (908) 665-8200
Richard S. Rosenfeld, CFO
BARRINGER ANNOUNCES PUBLIC SALE
OF SHARES AND WARRANTS AND
INCLUSION IN NASDAQ NATIONAL MARKET SYSTEM
New Providence, New Jersey, November 12, 1996....Barringer Technologies Inc.
(NASDAQ: BARR, BARRW) announced today that it had sold, through an underwriting
syndicate led by Janney Montgomery Scott Inc., 1,250,000 shares of its common
stock at an initial public offering price of $8.563 and 1,250,000 warrants at an
initial public offering price of $.05 per warrant. Each warrant is exercisable
for one-quarter of a share of common stock at an exercise price of $9.847 per
share (subject to adjustment in certain circumstances) for three years (subject
to earlier redemption in certain circumstances). The net proceeds of the
offering are expected to be approximately $9.2 million ($10.7 million if the
underwriters' over-allotment option is fully exercised) and will be used to fund
product development, to repay certain indebtedness, to expand the Company's
manufacturing and assembling capabilities and for working capital and general
corporate purposes.
In connection with the offering, the Company announced that its common stock and
the warrants have been approved for inclusion in the NASDAQ National Market
System upon official notice of issuance. The offering is expected to close on
November 15, 1996.
A copy of the prospectus relating to the offering may be obtained from Janney
Montgomery Scott Inc. This release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the common stock
or the warrants in any State in which such offer, solicitation or sale would be
unlawful.
Headquartered in New Providence, New Jersey, Barringer Technologies Inc. is a
holding company that, through its subsidiaries, is principally engaged in the
development, manufacture and marketing of specialty analytical instruments for
drugs and explosives detection applications.
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