LaserCard files automatic shelf registration

By E. Janene Geiss

Philadelphia, Feb. 15 - LaserCard Corp. filed an automatic shelf registration in an S-3ASR filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock and warrants. The securities may be structured as convertibles. The aggregate offering price of securities will not exceed $100 million, the filing said, but the number of common shares, whether issued as convertible preferred shares or convertible warrants, shall not exceed 3.5 million.

The Mountain View, Calif., maker of biometric identification credentials plans to use the proceeds for general corporate purposes, including working capital, repayment of existing debt, financing capital expenditures, research and development, future acquisitions and strategic investment opportunities.

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