Top Image to buy back remaining $1.1 million of series A convertibles

By Toni Weeks

San Diego, Sept. 6 - Top Image Systems, Ltd. said it will force an early repayment of its remaining 3.8 million series A convertible debentures for $1.1 million, equivalent to NIS 3.8 million, according to a news release.

The planned repayment follows the previously reported repurchase of 15.2 million series A convertibles in August.

The company is offering to repurchase at the full value of the debenture, which is equal to 1 NIS par value.

The repayment will occur on Oct. 2.

Top Image is a Tel Aviv-based producer of content management software.

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