SonoSite
This article was originally published in The Gray Sheet
Executive Summary
Developer of miniaturized, digital ultrasound imaging devices says it will use proceeds from a planned secondary offering of 2.5 mil. common shares "primarily for operating expenses," including product development, sales and marketing costs. SonoSite, based in Bothell, Washington, was spun off from ATL Ultrasound in April 1998. Underwriters Vector Securities and Prudential Securities hold an overallotment option for up to an additional 375,000 shares