Vislink Technologies Closes $12 Million Offering, Pays off Convertible Debt in Full and Ahead of Schedule
Vislink Technologies, Inc. (VISL)
Company Research
Source: GlobeNewswire
HACKETTSTOWN, NJ, July 17, 2019 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink” or the “Company”) (NASDAQ: VISL) announced today that it has closed the previously announced public underwritten offering of securities, with gross proceeds of approximately $12 million before deducting underwriting discounts, commissions and other offering expenses payable by the Company. A primary use of the proceeds was to pay off convertible debt incurred during 2018 while the Company went through a reorganization. Roger Branton, CEO of Vislink Technologies, said, “Our corporate reorganization started mid last year and we took on some debt to help complete that process. With our operational turnaround completed, our key financial goals for this year include improving our capital structure and our working capital position. While the convertible debt was not due until September 2019, we are pleased to pay it off early and for the Company to now be debt-free.” About Vislink Technologies, In
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VISL
News
- Vislink to Report Full Year and Fourth Quarter 2023 Financial Results on Monday, April 1, 2024, at 8:30 a.m. ETGlobeNewswire
- Vislink Appoints Adrian Lambert as Vice President of Marketing [Yahoo! Finance]Yahoo! Finance
- Vislink Appoints Adrian Lambert as Vice President of MarketingGlobeNewswire
- Vislink Technologies, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)GlobeNewswire
- Vislink Technologies, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)GlobeNewswire
VISL
Sec Filings
- 2/16/24 - Form D
- 1/26/24 - Form D
- 1/19/24 - Form 4
- VISL's page on the SEC website