Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated July 22, 2010
Relating to Registration Statement on Form S-3 (Registration No. 333-167274)
Uroplasty, Inc.
Common Stock
Final Term Sheet
dated July 22, 2010
The information in this free writing prospectus relates only to the securities described in, and
should be read together with, the preliminary prospectus supplement dated July 21, 2010 and
accompanying prospectus dated June 24, 2010 (collectively, the Prospectus) included in Uroplasty,
Inc.s Registration Statement on Form S-3 (Registration No. 333-167274) relating to these
securities. The following information supplements and updates the information contained in the
Prospectus:
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Issuer:
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Uroplasty, Inc. (NASDAQ: UPI) |
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Common stock offered by the Issuer:
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4,000,000 shares |
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Over-allotment option:
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600,000 shares |
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Common stock to be outstanding
immediately after the offering:
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19,887,440 shares (or 20,487,440 shares if the
underwriters exercise their
over-allotment option in full) |
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Price to the public:
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$3.50 per share |
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Underwriting discounts and
commissions:
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$0.21 per share |
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Net proceeds to the Issuer:
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$12,910,000 million (or $14,884,000 million of
the underwriters exercise their
over-allotment option in full) after
underwriting discounts and
commissions and offering expenses |
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Dilution:
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Our adjusted net tangible book value
as of March 31, 2010 (total assets
plus proceeds from exercise of
warrants to purchase 886,000 shares
in May and June 2010, less
liabilities and intangible assets),
was approximately $8.9 million, or
approximately $0.56 per outstanding
share of common stock. Based on the
public offering price of $3.50 per
share, if you purchase shares of
common stock in this offering, you
will suffer dilution of approximately
$2.40 per share in the net
tangible book value of common stock
and as a result of the offering, the
per share net tangible book value of
common stock will increase by
approximately $0.54. |
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Trade date:
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July 22, 2010 |
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Closing date:
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July 27, 2010 |
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Sole Book-Running Manager:
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Oppenheimer & Co. Inc. |
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Co-Manager:
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JMP Securities LLC |
The issuer has filed a registration statement (including the Prospectus) with the Securities and
Exchange Commission (SEC) for the offering to which this communication relates. Before you invest,
you should read the Prospectus in that registration statement and the other documents the issuer
has filed with the SEC for more complete information about the issuer and this offering. You may
obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the Prospectus may be obtained from Oppenheimer & Co. Inc., Attention: Syndicate
Prospectus Department, 300 Madison Avenue, 4th Floor, New York, NY, 10017, by telephone at
212-667-8563, or via email at EquityProspectus@opco.com.
ANY DISCLAIMER OR OTHER NOTICES THAT MAY APPEAR AFTER THIS MESSAGE ARE NOT APPLICABLE TO THIS
COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY
GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.