UniPixel posts 13.4% drop after shareholders approve debt/warrant sale

• UniPixel (NASDAQ:UNXL) tumbled to new multi-year lows a day after shareholders (through a special meeting) approved the issuing of convertible senior notes, along with related warrants to buy common stock. (8-K filing)
• The touch sensor developer had $20.7 in cash at the end of Q1, and $2.3M in debt. The acquisition of Atmel's XSense's touch sensor assets was announced early in Q2.