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Così, Inc.
COSI, the fast casual
restaurant company today, announced the completion of its previously announced
rights offering that expired on June 30, 2012.
The results indicate that stockholders, including the Company's officers and
outside directors, exercised basic subscription and over-subscription
privileges leading to an allocation of 19,661,844 shares representing
approximately 85% of the shares available through the rights offering.
Accordingly, the Company will issue shares to stockholders that exercised
their basic subscription privileges as well as allocate shares to satisfy
over-subscription requests made in the rights offering.
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