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Wave plans stock/warrant offering; shares -8.5%

May 20, 2015 5:45 PM ETWave Systems Corp. (WAVXQ) StockBy: Eric Jhonsa, SA News Editor
  • Wave Systems (NASDAQ:WAVX) plans a new stock/warrant offering of yet-undetermined size. Net proceeds will be used for working capital.
  • The encryption/authentication software firm had $3.2M in cash at the end of Q1. A 5.5M-share stock/warrant offering yielding net proceeds of $3.3M was carried out in January.
  • Shares have fallen to $0.75 AH.

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