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BYRNA TECHNOLOGIES INC.

(BYRN)
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BYRNA TECHNOLOGIES INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

07/22/2021 | 08:28am EDT

Item 1.01. Entry into a Material Definitive Agreement.

On July 16, 2021, Byrna Technologies Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Raymond James & Associates, Inc. as representatives of the several underwriters set forth on Schedule I thereto (collectively the "Underwriters"), relating to the Company's public offering of its common stock, par value $0.001 per share (the "Common Stock"). Under the Underwriting Agreement, the Company agreed to issue and sell an aggregate of 2,500,000 shares of Common Stock to the Underwriters at a purchase price per share of approximately $19.74 (the offering price to the public of $21.00 per share minus the underwriting discount and commissions) and also granted the Underwriters an option (the "Option") to purchase up to an additional 375,000 shares of Common Stock at the same price for a period of 30 days following July 16, 2021. The Underwriters exercised the Option in full on July 16, 2021, and the sale of the 2,875,000 shares of Common Stock to the Underwriters closed on July 20, 2021.

The Underwriting Agreement includes customary representations, warranties and covenants by the Company. It also provides that the Company will indemnify the Underwriters against certain liabilities under the Securities Act of 1933, as amended, or contribute to payments the Underwriters may be required to make because of any of those liabilities.

Certain of the Underwriters and their respective affiliates have, from time to time, performed, and may in the future perform, various investment banking services for the Company for which they received or will receive customary fees and expenses.



Item 9.01.  Financial Statements and Exhibits.




  (d)     Exhibits.

  1.1       Underwriting Agreement, dated July 16, 2021, between the Company and
          Raymond James & Associates, Inc. as representatives of the underwriters
          named therein.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 40,9 M - -
Net income 2021 1,18 M - -
Net Debt 2021 - - -
P/E ratio 2021 647x
Yield 2021 -
Capitalization 525 M 525 M -
Capi. / Sales 2021 12,8x
Capi. / Sales 2022 8,88x
Nbr of Employees 169
Free-Float 69,5%
Chart BYRNA TECHNOLOGIES INC.
Duration : Period :
Byrna Technologies Inc. Technical Analysis Chart | BYRN | US12448X2018 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 22,63 $
Average target price 32,83 $
Spread / Average Target 45,1%
EPS Revisions
Managers and Directors
Bryan Scott Ganz Chairman, President & Chief Executive Officer
David North Chief Financial Officer
AndrÚ Buys Chief Technology Officer
Michael Gillespie Chief Operating Officer
Paul C. Jensen Independent Director
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