On October 1, 2015, Trans-Lux Corporation (the “Company”) announced changes to the timeline for its previously announced rights offering to holders of its common stock to purchase shares of a new class of Series B Convertible Preferred Stock of the Company (the “Series B Convertible Preferred Stock”). The Company has set a new record date for the rights offering of 5:00 p.m., Eastern Time, on October 12, 2015. The Company now intends to commence the rights offering on October 14, 2015, with the subscription period expiring at 5:00 p.m., Eastern Time, on November 4, 2015, unless extended. The other terms of the rights offering, including but not limited to the subscription price per share and the number of rights required to purchase one share of Series B Convertible Preferred Stock, and the terms of the Series B Convertible Preferred Stock, remain the same.
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