NMR Centers to Offer Common Stock, Warrants

NMR Centers Inc., a Newport Beach company that specializes in nuclear magnetic resonance technology for medical applications, plans a public offering of 1 million shares of common stock and 500,000 warrants.

Gwendolyn Bandt, a spokeswoman for First Affiliated Securities of San Diego, which is underwriting the offering, said Wednesday that the stock will be sold in units of two shares and one warrant for an asking price of $7 per unit.

The warrants, she said, can be exercised over a period of three years beginning one year after the conclusion of the offering and the exercise price will range from $3.50 a share to $4.50 a share. Bandt said sale of the stock, which will trade on the over-the-counter market, is expected to get under way by late October or early November.