- 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.