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) December 13, 1996
BARRINGER TECHNOLOGIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-3207 84-0720473
(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 December 13, 1996, Barringer Technologies Inc. (the "Company"), pursuant
to the exercise of the over-allotment option provided in connection with the
Company's underwritten public offering, sold an additional 187,500 shares of its
common stock and 187,500 of its common stock purchase warrants to Janney
Montgomery Scott Inc. as representative of the several underwriters. 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 December 16, 1996.
<PAGE>
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: December 18, 1996
<PAGE>
EXHIBIT INDEX
Exhibit
28.1 Press Release, dated December 16, 1996.
BARRINGER TECHNOLOGIES INC.
World Headquarters
219 South Street
New Providence, New Jersey 07974, USA
(908) 665-8200
For Release: Immediately
Contact: Stanley Binder, CEO
Richard S. Rosenfeld, CFO
BARRINGER ANNOUNCES PUBLIC SALE
OF ADDITIONAL SHARES AND WARRANTS
New Providence, New Jersey, December 16, 1996... Barringer Technologies Inc.
(NASDAQ: BARR, BARRW) announced today that an underwriting syndicate led by
Janney Montgomery Scott, Inc., had exercised its option to purchase an
additional 187,500 shares of the Company's common stock at an initial public
offering price of $8.563 and an additional 187,500 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). In November, the Company sold through the
underwriting syndicate 1,250,000 shares of common stock and 1,250,000 warrants
at the initial public offering prices indicated above. The net proceeds of this
sale were approximately $1,450,000 and will be used (together with the
approximately $9,200,000 raised in November) 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.
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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