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Voltari Corp (VLTC.OQ)

VLTC.OQ on NASDAQ Stock Exchange Capital Market

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28 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Voltari Corp announces closing of rights offering
Monday, 30 Mar 2015 05:50pm EDT 

Voltari Corp:Closes offering of transferable subscription rights to purchase up to an aggregate of 4,300,000 shares of the Company's common stock, $0.001 par value per share.Rights Offering was launched on Feb. 27 to stockholders of record on Feb. 03 and expired at 5:00 p.m., New York City time, on March 20.Rights Offering was fully subscribed and, as such, the Company issued 4,300,000 shares of its common stock for total net proceeds of $4.6 mln, after fees and expenses.Shares of Common Stock subscribed for in the Rights Offering will be distributed to subscribers or credited through DTC on or about March 30.Any excess subscription payments to be refunded to subscribers will be mailed by the subscription agent as promptly as practicable.  Full Article

Voltari announces launch of rights offering
Friday, 27 Feb 2015 05:25pm EST 

Voltari Corp:Announced that it has commenced its previously announced rights offering of up to 4,300,000 shares of common stock to existing stockholders.Under the terms of the rights offering, we will distribute to all stockholders of record as of Feb. 13, 2015, rights to purchase 0.9027 shares of common stock for every share of common stock owned on the record date.Rights offering includes an over-subscription privilege, which permits each subscriber that exercises its basic subscription right in full the option to purchase additional shares of common stock that remain unsubscribed at the expiration of the offering.Says if subscriber exercises its basic subscription right or over-subscription privilege to purchase less than 1,300,000 shares in the rights offering, the subscriber will pay a price of $ 0.97 per whole share.Says if subscriber exercises its basic subscription right or over-subscription privilege to purchase 1,300,000 shares or more in the rights offering, the subscriber will pay a price of $1.36 per whole share.Says if the rights offering is fully subscribed by subscribers that each purchase less than 1,300,000 shares in this rights offering, Voltari anticipates receiving about $3.0 million in net proceeds.Rights offering will expire on March 18.  Full Article

BRIEF-Voltari Corp appointed Andreea Paraschivoiu as CFO

* Appointed Andreea Paraschivoiu as Chief Financial Officer of company - SEC filing