Conolog (CNLG) Registers 635K Shares for Holders
Conolog Corp. (Nasdaq: CNLG) filed a prospectus relates to the public offering of up to 635,070 shares of common stock, par value $0.01 per share, of Conolog Corporation, by the selling stockholder, which are issuable upon exercise of warrants with an exercise price of $1.12.
The number of shares being registered is 33% of the shares held by non-affiliates of the Company.
Conolog will not receive any of the proceeds from the sale of Common Stock by the selling stockholders.
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