Thomas Equipment Inc. Completes $25M Institutional Equity Raise and Enters New Phase.

Business Wire | April 19, 2005 | Copyright

MILWAUKEE, Wis. -- Thomas secures over $50.0M in purchase orders from customers for 2005 shipments and announces work force and supply chain growth.

E[acute accent]Thomas Equipment Inc. ("Thomas") (OTCBB:TEQI) today announced that it completed a US $25M institutional equity offering advised by Halpern Capital Inc., www.halperncapital.com, ("Halpern"). The proceeds will be used to de-leverage Thomas' balance sheet, provide capital machinery and equipment to increase production capacity, and working capital. This offering was in the form of preferred equity ...

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