Business
Lakeland Industries Announces Filing of S-3 Shelf Registration Statement
HUNTSVILLE, AL / ACCESSWIRE / July 12, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE), a leading global manufacturer of protective clothing for industry,
About this update from Lakeland Industries, Inc.
[{"type":"text","content":"HUNTSVILLE, AL / ACCESSWIRE / July 12, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today that it has filed a shelf registration statement on Form S-3 (the \"Shelf Registration\") with the Securities and Exchange Commission (the \"SEC\").The Shelf Registration permits the Company to offer and sell its common stock, preferred stock, debt securities, warrants, rights and units, from time to time, subject to market conditions and the Company's capital needs. The Company has no immediate plans to offer or sell any securities under this Shelf Registration to the public. However, the Company felt it was prudent to include this optionality as a matter of standard corporate governance to respond to future financing and business opportunities.Jim Jenkins, President, CEO and Executive Chairman of Lakeland, stated, \"We are successfully executing on our strategy for growth and believe that having the financial flexibility to efficiently access the capital markets when needed is an important element of that strategy.\"The Shelf Registration has been filed with the SEC but has not yet become effective. The Company's securities may not be sold nor may offers to buy be accepted prior to the time the Shelf Registration becomes effective. 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 these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offering may be made only by means of the prospectus included in the registration statement and one or more related prospectus supplements that may be used with respect to such offering.About Lakeland Industries, Inc.We manufacture and sell a comprehensive line of industrial protective clothing and accessories for the industrial and public protective clothing market. Our products are sold globally by our in-house sales teams, our customer service group, and authorized independent sales representatives to a network of over 2,000 global safety and industrial supply distributors. Our authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, ste...