December Stock Talk Week I

Cardica Announces Exercise of Over-Allotment Option
12-10-2007 04:25:00 PM

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REDWOOD CITY, Calif., Dec. 10 /PRNewswire-FirstCall/ -- Cardica, Inc. (Nasdaq: CRDC) today announced the partial exercise of the over-allotment option granted to the underwriters of Cardica's November 2007 underwritten public offering. The underwriters exercised their option to purchase 481,170 shares of common stock from Cardica at a purchase price of $8.00 per share.

William Blair & Company, L.L.C. acted as the sole book-running manager of the offering. Allen & Company LLC, Needham & Company, LLC and Merriman Curhan Ford & Co. acted as co-managers of the offering.

These shares are being issued pursuant to an effective shelf registration statement. This press release does not constitute an offer to sell or a solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Printed copies of the final prospectus supplement and base prospectus relating to the offering may be obtained from William Blair & Company, L.L.C., Prospectus Department, 222 West Adams Street, Chicago, Illinois 60606, (312) 236-1600. Cardica has filed a final prospectus supplement relating to the offering with the SEC, which is available along with the base prospectus filed with the SEC in connection with the shelf registration on the SEC's website at https://www.sec.gov/.

crdc,very interesting news,,not much 2day ahead of the fed,,,,2nite its the mavs over the shitty knicks and the over in the mnf game

Boiler,

I think I got the info too late..been out today.

I have to be honest about this CRDC stuff..it bothers me to read that the underwriters bot more stock, that means this move was only a reason to sell the shares or they were selling anyway and caused the move to be muted.

Call me skeptical I guess..

Nice work BR...keep the bets cooking...I am thinking 50 bp cut tomorrow, and that isn't really gonna be enough

Nice job Boiler I was on the over in the NFL game.

I am not sold on a 50 basis move tomorrow...me thinks .25 has a chance..  

That seems the consensus WSC, but the consensus is also that it won't do the job and that 50 will be done the meeting after this one.

 If so, 50 now, 25 later (if  50 deemed unneeded later) would be reasonable. Lousy for inflation and the dollar, but they don't have any good choices at this point, just lessers of two evils.

 

 PS I agree BR ...and nice job last nite bro, I was with ya on both picks as well...