The company expects to grant initial purchasers a 30-day option to buy up to an additional $7M in notes.
Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?
Note will be senior unsecured obligations and final terms will be set at pricing.
Some of the net proceeds will be used to fully repay the company’s capital expenditure loan and real estate term loan with Branch Banking and Trust, with the remainder going to general purposes.
Wow the future of Autonomous flight is finally here with the launch of ASDN passenger drone Elroy
ANSYS (NASDAQ:ANSS) gains 5.3% after Q4 beats with 38% Y/Y revenue growth. Downside Q1 guidance has revenue from $290M to $310M (consensus: $315.08M) and EPS from $0.98 to $1.11 (consensus: $1.30).
FY19 guidance has upside revenue from $1.41B to $1.47B (consensus: $1.37B) and in-line EPS from $5.55 to $6 (consensus: $5.63).
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