Listings News: Imris Heads For Nasdaq
November 9, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Imris Inc. (TSX: IM) said that it has filed a registration statement in the United States concurrently with a preliminary short form prospectus in all of the provinces of Canada in order to launch a US offering of common shares. The company said that the move paves the way for its listing on the NASDAQ.
The offering will constitute the company's initial public offering of common shares in the United States. Imris proposes to offer ten million common shares and certain selling shareholders propose to offer 3.7 million common shares.
In connection with its U.S. IPO, Imris has received conditional approval to list its common shares on the NASDAQ Global Market under the symbol "IMRS".
Canada-based Imris provides image guided therapy solutions. The firm’s solutions incorporate magnetic resonance, fluoroscopy and computed tomography to deliver on demand imaging during procedures.
The company's systems serve the neurosurgical, cardiovascular and neurovascular markets.
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