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Vringo Inc announces exercise of outstanding warrants

Friday, 20 Jun 2014 08:30am EDT 

Vringo Inc:Plans to expand and escalate its global litigation and licensing programs following receipt of $10 mln in cash from exercise of outstanding warrants by three institutional investors.Investors exercised 5,697,227 warrants, which are part of a series of warrants that expire in three years, on July 19, 2017, and have an exercise price of $1.76.Exercised warrants represent 58 pct of the July 2017 Warrant Series. Vringo directors and officers hold 70 pct of the remaining July 2017 Warrant Series. 

Company Quote

-0.08 -2.46%
29 Jul 2014