Applied Computer’s offering nets $3 mil.

FORT COLLINS – Applied Computer Technology Inc., a Fort Collins-based computer company, raised about $3 million by selling 1 million shares of common stock Oct. 25.

Applied Computer assembles and manufactures turnkey custom and brand-name microcomputer systems.

The initial public offering, underwritten by Schneider Securities Inc. of Denver, was made on the National Association of Securities Dealers Automated Quotations SmallCap Market and the Pacific Stock Exchange, under the symbols ACTI and ACT respectively.

The stock was offered at $3.60 per unit and closed at $4.38 for the common stock and 86 cents for the warrant, which trades under the symbol ACTIW.

About 169,000 shares…