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Article: Flow International to Convert Warrants.
- Article from:
- PR Newswire
- Article date:
- April 21, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KENT, Wash., April 20 /PRNewswire-FirstCall/ -- Flow International Corporation , the world's leading supplier of ultrahigh-pressure waterjet products, today announced its intention to convert all remaining common stock warrants issued in connection with its Private Investment in Public Equity transaction completed March 21, 2005 ("PIPE Transaction"). In connection with the PIPE Transaction, the Company issued warrants entitling the holders to purchase up to 1,747,307 shares of the Company's common stock. To date, warrant holders have purchased 421,738 shares of common stock through exercise of warrants.
The terms of the PIPE transaction allow the Company to ...