UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 13, 2012
Adept Technology, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
0-27122 |
94-2900635 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
5960 Inglewood Drive, Pleasanton CA |
94588 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (925) 245-3400
None
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Item 8.01. Other Events.
On June 13, 2012, Adept Technology, Inc. (the "Company") closed its previously announced offering of 920,000 shares of its common stock, which includes full exercise of the over-allotment option of 120,000 shares, at a price of $4.00 per share, pursuant to an underwriting agreement with Roth Capital Partners, LLC, dated as of June 8, 2012.
On June 13, 2012, the Company issued a press release entitled "Adept Announces Closing of Common Stock Offering," a copy of which is filed as an exhibit to and incorporated by reference into this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of Adept Technology, Inc. issued June 13, 2012.
SIGNATURE
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.
| Adept Technology, Inc.
(Registrant) |
||
| June 13, 2012
(Date) |
/s/ LISA M. CUMMINS
Lisa M. Cummins Vice President of Finance and Chief Financial Officer |
EXHIBIT INDEX
|
Exhibit No. |
|
Description |
|
EX-99.1 |
|
Press Release dated June 13, 2012 |
EXHIBIT 99.1
PLEASANTON, Calif., June 13, 2012 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent vision-guided and autonomous mobile robotic solutions, today announced the closing of its public offering of up to 920,000 shares of common stock at a price of $4.00 per share. Roth Capital Partners acted as the sole manager of the offering and exercised an option to purchase 120,000 shares of common stock to cover over-allotments.
Adept intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, repayment of debt, capital expenditures, increasing its working capital, and the financing of ongoing operating expenses and overhead. Pending the application of the net proceeds, Adept may invest the proceeds in marketable securities and short-term investments.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Electronic copies of the prospectus supplement and prospectus relating to these securities may be obtained, when available, from the website of the Securities and Exchange Commission at www.sec.gov, or by contacting Roth Capital Partners, Attention: Equity Capital Markets, 888 San Clemente Drive, Newport Beach, CA 92660, by telephone at (800) 678-9147, or via email at rothecm@roth.com.
About Adept Technology
Adept is a global, leading provider of intelligent robots and autonomous mobile solutions and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing and logistical processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms with autonomous capabilities, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Packaging, Medical, Disk Drive/Electronics and Solar; as well as to traditional industrial markets including machine tool automation and automotive components.
All trade names are either trademarks or registered trademarks of their respective holders.
The Adept Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5387
This press release contains forward-looking statements based on current expectations and projections about the Company's business. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: lack of cash dividends; future sales or dilution of our equity depressing the market price of our common stock; management's broad discretion over the use of proceeds; fluctuation of our operating results due to factors difficult to forecast or out of our control; our operating losses, negative cash flow and limited cash resources impairing our growth investment; our concentrated equity ownership; and our stock price volatility.
CONTACT: Lisa Cummins
Chief Financial Officer
925-245-3400
Investor.relations@adept.com
Bonnie McBride
Avalon IR
415-454-8898
bonnie@avalonir.com