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Pointer Telocation files $25 million shelf for stock, debt securities
By Devika Patel
Knoxville, Tenn., May 27 - Pointer Telocation Ltd. filed a $25 million shelf registration in an F-3 filing with the Securities and Exchange Commission.
The registration covers ordinary shares, capital notes, debt securities, subscription rights, warrants and units.
The securities may be structured as convertibles.
Proceeds will be used for general corporate purposes.
Based in Givatayim, Israel, Pointer provides services to insurance companies and automobile owners, including roadside assistance and vehicle towing services.
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