OYO Geospace Announces1.12M Public Offering of Common Stock by Selling Stockholder

OYO Geospace OYOG announced today the commencement of a public offering, subject to market conditions, of 1,122,565 shares of its common stock owned by OYO Corporation U.S.A., the selling stockholder, pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters are expected to be granted a 30-day option to purchase up to 168,385 additional shares of common stock from the selling stockholder. OYO Geospace will not receive any proceeds from the sale of the shares of common stock offered by the selling stockholder.