Authentidate (ADAT) Buys 547K Shares from Large Shareholder; President, CFO, Directors Also Made a Purchase
More News related to ADAT
- Authentidate Introduces New Interface for Inscrybe Healthcare with Definitive Homecare Solutions' CPR+
- ExpressMD(TM) Solutions Selected to Supply Chronic Heart Disease Telehealth Program in Florida
- Unusual 11 Mid-Day Movers 9/25: LUNA, BLD, BEE, TSTR Higher; UCBI, ADAT, RIMM, SWSI Lower
- Authentidate (ADAT) Reports Q4 Loss of $0.07
- Authentidate Holding Corp. Reports Fiscal 2009 Fourth Quarter and Year End Results
Authentidate Holding Corp. (Nasdaq: ADAT) today announced that the company acquired 547,000 shares of its common stock from a large shareholder at a purchase price of $0.27 per share, representing a moderate discount to the 30-day trailing average closing price on the day, in a private transaction on March 31, 2009.
In addition, Ben Benjamin, President of Authentidate, Bill Marshall, CFO of Authentidate, and certain members of the company's board of directors, purchased an additional 990,000 shares from the same large investor, at a purchase price of $0.275 per share.
In total, the purchases represent approximately 4% of the company's common stock outstanding as of the filing of its most recent 10-Q with the SEC on February 10, 2009.
Related Categories
Corporate NewsInsider Trades
Stocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
