Irvine Sensors Files for Stock, Warrant Offering

Irvine Sensors Corp., a Costa Mesa defense contractor, said it has filed a registration statement with the Securities and Exchange Commission for a public offering of common stock and warrants.

The offering will consist of 1 million units, each including two shares of common stock and one warrant to purchase an additional share. The price of the units has not been set. The offering is being handled by Paulson Investment Co. Inc., in Portland, Ore.

John Stuart, Irvine Sensors’ president, said the company needs the cash to satisfy certain financial requirements on defense contracts it hopes to bid for. He declined to specify the amount the company needs to satisfy those requirements.