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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): AUGUST 6, 1999
IBIS TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
MASSACHUSETTS 0-23150 04-2987600
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
32 CHERRY HILL DRIVE, DANVERS, MASSACHUSETTS 01923
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (978) 777-4247
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ITEM 5. OTHER EVENTS.
On August 9, 1999, the Registrant publicly disseminated a press release
announcing the closing on August 6, 1999 of its previously announced public
offering of 1,000,000 shares of common stock, which were issued and sold by the
Registrant at $27.00 per share. The offering was underwritten by SoundView
Technology Group, Inc.
The Registrant intends to use the net proceeds raised from the offering
of the shares to fund research and development, capital expenditures, working
capital and for other general corporate purposes.
The information contained in the press release is incorporated herein
by reference and filed as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibit.
EXHIBIT
NUMBER DESCRIPTION
99.1 The Registrant's Press Release dated August 9, 1999.
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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 hereunto duly authorized.
IBIS TECHNOLOGY CORPORATION
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(Registrant)
Date: August 9, 1999 By: /s/ DEBRA L. NELSON
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Debra L. Nelson, Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 The Registrant's Press Release dated August 9, 1999
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EXHIBIT 99.1
CONTACT:
Debra L. Nelson
Ibis Technology Corporation
(978) 777-4247
FOR IMMEDIATE RELEASE
IBIS TECHNOLOGY CORPORATION ANNOUNCES
THE CLOSING OF ITS PREVIOUSLY ANNOUNCED PUBLIC OFFERING
OF 1,000,000 SHARES OF COMMON STOCK AT $27.00 PER SHARE
DANVERS, MA - August 9, 1999 - Ibis Technology Corporation (NASDAQ: IBIS) today
announced the closing on August 6, 1999 of its previously announced public
offering of 1,000,000 shares of common stock, which were issued and sold by Ibis
at $27.00 per share.
Ibis intends to use the net proceeds raised from the offering of the shares to
fund research and development, capital expenditures, working capital and for
other general corporate purposes.
The offering was underwritten by SoundView Technology Group. Copies of the final
prospectus relating to the shares of common stock may be obtained from SoundView
Technology Group, 22 Gatehouse Road, Stamford, Connecticut 06902, (203)
462-7200.
Ibis Technology Corporation develops, manufactures and markets SIMOX-SOI
(Separation by IMplantation of OXygen / Silicon-On-Insulator) implantation
equipment and wafers for the worldwide semiconductor industry. Ibis' SIMOX-SOI
implantation equipment consists of advanced proprietary high current Ibis 1000
oxygen implanters. SIMOX-SOI wafers are Silicon-On-Insulator wafers which enable
the production of integrated circuits that the Company believes offer
significant advantages over circuits constructed on conventional bulk silicon or
epitaxial wafers.
The shares were included in a shelf registration statement filed with the
Securities and Exchange Commission on July 8, 1999 which was declared effective
on July 26, 1999.
NOTE: Information about Ibis Technology Corporation and SIMOX-SOI is available
on Ibis's World Wide Web site on the Internet located at: http://www.ibis.com
