Vringo (VRNG) To Offer 9.6M Shares
Tweet
Share
E-mailGet Alerts VRNG Hot Sheet
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Karman Line Acquisition prices $200M IPO on Nasdaq
- Backblaze proposes $150M convertible notes offering due 2031
- Saratoga Investment prices $85M in notes due 2031 at 8.00%
Create E-mail Alert Related Categories
Equity OfferingsSign 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!
