ATSI Communications calls all series H convertible preferreds

By Laura Lutz

Washington, March 6 - ATSI Communications, Inc. announced that it plans to redeem all of its outstanding series H convertible preferred stock on April 26.

On the redemption date, the company will issue one share of its common stock for each outstanding share of its preferred stock.

Each preferred share is currently convertible into 1.5 shares of common stock. Holders may continue to convert their preferred shares until April 25.

ATSI is a voice-over-internet protocol carrier based in San Antonio, Texas.

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