Trans-Lux extends expiry of warrants sold in 2011 private placement

Warrants now expire Feb. 12, 2013, after registration statement stalls

By Devika Patel

Knoxville, Tenn., Oct. 11 - Trans-Lux Corp. revised the expiration date of certain warrants on Oct. 5, according to an 8-K filed Thursday with the Securities and Exchange Commission. The warrants were sold as part of a Nov. 14, 2011 private placement of series A convertible preferred stock.

The A warrants that were issued in that placement will now be exercisable until Feb. 12, 2013, extended from Nov. 14, 2012.

The warrants' term was extended because the company's registration statement relating to the resale of the shares underlying the A warrants has not yet been declared effective by the SEC.

Trans-Lux, based in Norwalk, Conn., designs, manufactures and installs large-scale indoor and outdoor LED electronic display systems.

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