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Voltari to conduct rights offering for 4.3 million common shares
Shareholders receive one subscription right for each common share held
By Devika Patel
Knoxville, Tenn., Jan. 30 – Voltari Corp. will price a rights offering, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $4.09 million of stock.
The company will offer rights for up to 4.3 million common shares. Investors will receive one subscription right for every common share held as of 5 p.m. ET on the record date.
Proceeds will be used for general corporate and working capital purposes.
The New York company delivers digital media over smartphones and other mobile devices.
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