K-Swiss Raises $2 Million With Sale of Shares
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K-Swiss Inc., the athletic shoe maker based in Chatsworth, said it completed a public offering of 1.3 million shares of class A common stock at $24.50 a share. Of the shares sold, 100,000 were sold by the company and 1.2 million by a group of stockholders.
K-Swiss raised about $2 million in net proceeds from the shares that it sold, said George Powlick, chief financial officer. He said the company planned to use that money for general working capital purposes.
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