Harvard Bioscience, Inc. Announces Filing of IPO Registration Statement for
Harvard Apparatus Regenerative Technology, Inc.
HOLLISTON, Mass., Dec. 11, 2012 (GLOBE NEWSWIRE) -- Harvard Bioscience, Inc.
(Nasdaq:HBIO), a global developer, manufacturer and marketer of a broad range
of tools to advance life science research and regenerative medicine, today
announced that its wholly-owned subsidiary, Harvard Apparatus Regenerative
Technology, Inc., filed a registration statement with the SEC for an initial
public offering, or IPO, of Harvard Apparatus Regenerative Technology's common
stock. Following the IPO, Harvard Apparatus Regenerative Technology will own
Harvard Bioscience's regenerative medicine device business, which develops
life-saving medical devices in the field of regenerative medicine, including
devices to be used by physicians for growing organs outside the body for
transplant. Following the IPO, Harvard Bioscience will own at least 80% of
Harvard Apparatus Regenerative Technology's common stock. Harvard Bioscience
intends to distribute its remaining interest in Harvard Apparatus Regenerative
Technology to Harvard Bioscience's shareholders in a pro-rata, tax-free
dividend approximately 120 days following the closing of the IPO. Summer
Street Research Partners will act as sole book-running manager for the
Conference Call Details
Management will host a conference call to discuss the impact of the IPO and
the pro-rata dividend on Harvard Bioscience and its shareholders. This call
will be simultaneously broadcast over the Internet and can be accessed through
the Harvard Bioscience, Inc. web site. In addition, management may discuss and
answer questions concerning the IPO filing, Harvard Bioscience's intention to
subsequently distribute Harvard Bioscience's remaining interest in a pro-rata,
tax-free dividend, management's views on the spin-off's effects on Harvard
Bioscience and other business and financial matters affecting Harvard
Bioscience. Some of these discussions and responses to questions may contain
information that has not been previously disclosed. The conference call will
begin at 8:30 a.m. eastern time tomorrow, December 12, 2012. To listen to the
conference call, log on to our website at www.harvardbioscience.com and click
on the Earnings Call icon. The conference call will be referenced as an
Upcoming Event. If you are unable to listen to the live webcast, the call will
be archived in the investor relations section of our website.
The live conference call is also accessible by dialing toll-free 877-303-7611,
or toll 970-315-0445, and referencing the pass code 80382716. A replay of this
conference call will be available from 11:30 a.m. eastern time on December 12,
2012 through December 21, 2012 and will be accessible by dialing toll-free
855-859-2056, or toll 404-537-3406, and referencing the pass code 80382716.
This release is available on our website by clicking on the Press Releases
A registration statement including a prospectusrelating to the common stock
of Harvard Apparatus Regenerative Technology, Inc. has been filed with the
Securities and Exchange Commission ("SEC")but has not yet become effective.
These securities may not be sold nor may offers to buy these securities be
accepted before the time the registration statement becomes effective. This
press release shall not constitute an offer to sell or a solicitation of an
offer to buy these securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
The initial public offering will be made only by means of a written prospectus
meeting the requirements of Section 10 of the Securities Act of 1933.Before
you invest in Harvard Apparatus Regenerative Technology, you should read the
prospectus in that registration statement and the documents filed as exhibits
to the registration statement for more complete information about Harvard
Apparatus Regenerative Technology. You may get these documents for free by
visiting EDGAR on the SEC web site at www.sec.gov. Alternatively,when
available, a copy of the preliminary prospectus may be obtained from the
offices ofSummer Street Research Partners, Attention: Prospectus Department,
101 Arch Street, Boston, MA 02110 or by telephone at +1-617-532-6464.
Some of the statements in this press release are "forward-looking" and are
made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. These "forward-looking" statements include
statements relating to, among other things, the planned IPO and the potential
spin-off from Harvard Bioscience of Harvard Apparatus Regenerative Technology.
These statements involve risks and uncertainties, including among other
things, market conditions and with respect to the possible spin-off, Harvard
Bioscience's ability to obtain a private letter ruling from the Internal
Revenue Service regarding the distribution's tax-free treatment, that may
cause results to differ materially from the statements set forth in this press
release. The forward-looking statements in this press release speak only as of
the date of this press release and are subject to uncertainty and changes.
Given these circumstances, you should not place undue reliance on these
forward-looking statements. Harvard Bioscience expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to such
statements to reflect any change in its expectations with regard thereto or
any changes in the events, conditions or circumstances on which any such
statement is based.
For investor inquiries, please call (508) 893-8066. Press releases may be
found on our web site, http://www.harvardbioscience.com.
The Harvard Bioscience, Inc. logo is available at
CONTACT: David Green
Tel: 508 893 8999
Fax: 508 429 8478
Harvard Bioscience, Inc. Logo
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