Hi,
Since we were all curious about the share offering, I thought I would post the information E-Trade sent me.
Best to all,
WW
Thank you for your message regarding your shares of EKSO.
Coming up in August, EKSO will be doing a rights offering. This is an event where the company will issue short-term securities, called rights, to their shareholders. Each right will have terms that allow you to do something. In this case, the rights will allow you to buy additional shares of EKSO at $1 per share. There is currently no pay date or ex-date for when the rights will be coming out.
When the rights are distributed by the company you will receive your rights into your E*TRADE account as another security showing in your portfolio. Once this takes place, you will need to call in and ask our customer service team to exercise them for you before their expiration date. You will also need to have cash in your account exceeding the value for the amount of shares you'll be buying plus a flat $38 exercise fee.
If you have any further questions, please give us a call We appreciate your business and thank you for using E*TRADE.