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   Technology StocksVuzix Corporation-VUZI-A Visionary Pick?


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From: alanrs3/25/2021 4:44:52 PM
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ROCHESTER, N.Y., March 25, 2021 /PRNewswire/ -- Vuzix Corporation (NASDAQ: VUZI) (the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that it intends to offer shares of its common stock for sale in an underwritten public offering. In addition, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares to be issued and sold in the public offering on the same terms and conditions. The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital to accelerate the building of finished goods inventory to address increasing customer demand, new technology development, new product development, purchases of technology, expansion of the Company's software offerings, and possible related acquisitions of other firms. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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To: alanrs who wrote (597)3/26/2021 7:19:32 AM
From: alanrs
   of 618
 
Edit. Never mind.

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To: alanrs who wrote (597)3/26/2021 3:16:33 PM
From: The Ox
   of 618
 
Here's the 2018 offering details:
Message 31455763

Those who bought sat underwater for a few years. It will be interesting to see if that happens here again in 2021.

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To: The Ox who wrote (599)3/26/2021 3:24:57 PM
From: Sultan
1 Recommendation   of 618
 
Interesting to see this play out.. Offer is at 20.50 .. Shares still trading in 22+ .. Nearly 26m shares traded.. Couple of tweets by Stephen Weiss talking about VUZI and that he has been adding today etc. + thinks it was not handled well.. Add to the mix, Cathie Wood and company owns sizable position.. Not sure if they are adding.. The whole thing will be over on March 30th.

And the main bookrunner, BTIG has a price target from before of $ 30 ..

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To: The Ox who wrote (599)3/26/2021 3:35:28 PM
From: alanrs
   of 618
 
Stock drifted down to the offer price of 20.50 then turned around ten percent, an encouraging sign. I figure part of the reason they issued stock is to try and tamp down some of the volatility. We shall see.

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From: Sultan4/1/2021 1:56:06 PM
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Vuzix Corporation Announces Closing Of $97.75 Million Public Offering Of Common Stock

ir.vuzix.com

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From: Sultan4/13/2021 10:53:57 AM
   of 618
 

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From: alanrs4/26/2021 8:53:26 AM
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VUZI CEO to appear on benzinga power hour show at 1pm eastern.

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From: Sultan5/5/2021 2:01:26 AM
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In FWIW column, ARK bought 132,900 shares of VUZI today.. and shares closed green despite a very red Nasdaq day..

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From: The Ox5/5/2021 8:11:41 AM
   of 618
 
Message 33298456

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