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Fragrances maker Parlux files form S-3
10 Mar '06
1 min read
Florida based leading prestige fragrances manufacturer & international distributor Parlux Fragrances Inc announced that it had filed a Form S-3 registration statement covering 1,780,000 shares of common stock underlying warrants to acquire such shares.
The warrants, of which 57,000 have already been exercised, were last granted in May 2002 and cover all currently outstanding warrant obligations of the Company.
The remaining unexercised warrants, if and when exercised, will generate cash and increase stockholders' equity by approximately $3.7 million.
The dilution from their exercise would be only approximately 1 percent since, in accordance with generally accepted accounting principles, the Company already included approximately 1.6 million shares relating to the warrants as dilutive securities in calculating diluted earnings per share for the period ended December 31, 2005.
Parlux Fragrances Inc is a manufacturer and international distributor of prestige products.
It holds licenses for Paris Hilton fragrances, watches, cosmetics, handbags and other small leather accessories in addition to licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, and Fred Hayman Beverly Hills.
The warrants, of which 57,000 have already been exercised, were last granted in May 2002 and cover all currently outstanding warrant obligations of the Company.
The remaining unexercised warrants, if and when exercised, will generate cash and increase stockholders' equity by approximately $3.7 million.
The dilution from their exercise would be only approximately 1 percent since, in accordance with generally accepted accounting principles, the Company already included approximately 1.6 million shares relating to the warrants as dilutive securities in calculating diluted earnings per share for the period ended December 31, 2005.
Parlux Fragrances Inc is a manufacturer and international distributor of prestige products.
It holds licenses for Paris Hilton fragrances, watches, cosmetics, handbags and other small leather accessories in addition to licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, and Fred Hayman Beverly Hills.
Parlux Fragrances Inc
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