Vringo (VRNG) To Offer 9.6M Shares
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Vringo, Inc. (AMEX: VRNG) files to offer 9,600,000 shares for $3.25/share for estimated net proceeds of $30.5 million.
The company intends intend to use $22 million as payment in connection with our acquisition of patent assets pursuant to a patent purchase agreement, $3.2 million as repayment in full of our outstanding debt to Hudson Bay Master Fund Ltd. and the remainder for general corporate purposes.
The company intends intend to use $22 million as payment in connection with our acquisition of patent assets pursuant to a patent purchase agreement, $3.2 million as repayment in full of our outstanding debt to Hudson Bay Master Fund Ltd. and the remainder for general corporate purposes.
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