Santa Ana, Calif.-based Calavo Growers, a marketer of fresh and processed avocados, is looking to raise a total of US$5m through an offering of 1 million shares of the company's common stock at US$5 per share. The US Securities and Exchange Commission (SEC) has declared effective Calavo's registration statement relating to the offering, under the terms of which, shareholders of record as of 19 July 2002, will receive at no charge non-transferable subscription rights based on the number of shares of common stock held on that date.