Converted Organics Files $12.5M Mixed-Securities Shelf >COIN
DOW JONES NEWSWIRES
DOW JONES NEWSWIRES
Converted Organics Inc. (COIN) on Friday registered with the Securities and Exchange Commission to sell from time to time up to $12.5 million of common stock, preferred stock, debt securities, warrants and units.
The Boston development stage company said it intends to use the net proceeds for general corporate purposes, which may include reducing debt, increasing working capital or financing acquisitions and capital expenditures.
No underwriters were listed in the filing.
Shares of the company closed Friday at 88 cents, up 10 cents, or 12.83%.
-By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com
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