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NeoMedia extends maturity dates of convertible debentures sold to YA Global
By Devika Patel
Knoxville, Tenn., Oct. 1 - NeoMedia Technologies, Inc. amended its agreement with YA Global Investments, LP, the holder of $7.5 million of the company's secured convertible debentures, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
According to the filing, the company and YA Global agreed on Sept. 24 to extend the maturity dates of the $5 million of convertible debentures, which were sold on Aug. 23, 2006, and the $2.5 million of convertible debentures, which were sold on Dec. 26, 2006.
The debentures now will mature on July 29, 2010.
Based in Fort Myers, Fla., NeoMedia, operating under the PaperClick brand name, develops technologies used to link information to the internet.
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