ORBCOMM (ORBC) Files $40M Mixed Shelf; 910,000 for Shareholders
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ORBCOMM (Nasdaq: ORBC) filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to $40 million of Debt Securities, Common Stock, Preferred Stock, Warrants, Units, or any combination thereof.
The company also registered to sell up to 910,000 shares of Common Stock on behalf of Selling Stockholders. ORBCOMM will not receive proceeds from the sales by Shareholders.
The company also registered to sell up to 910,000 shares of Common Stock on behalf of Selling Stockholders. ORBCOMM will not receive proceeds from the sales by Shareholders.
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