EMRISE Corporation Buys Back Common Stock Warrants for $100,000

Loading...
Loading...
EMRISE CORPORATION
ERI
today announced that on August 30, 2010, it repurchased from its primary lender, for a total purchase price of $100,000, two warrants that would have entitled the lender to purchase an aggregate total of 775,758 shares of EMRISE common stock. The warrants also had a cashless conversion provision, which, if utilized, would have resulted in no cash to the Company at the time the warrants were exercised. The warrants were originally issued to the primary lender by the Company on November 30, 2007, and amended and restated on February 12, 2009.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsBuybacksElectrical Components & EquipmentIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...