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Stock Market & Financial Investment News

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April 22, 2014
09:01 EDTTINYHarris & Harris notes receipt of proceeds from sale of Molecular Imprints
Harris & Harris Group notes the receipt of $6.5M from the sale of Molecular Imprints, Inc.'s semiconductor business to Canon Inc. of Tokyo, Japan. Harris & Harris Group could receive an additional $625,000 from amounts held in escrow as well as up to $1.7M upon the achievement of certain milestones. Harris & Harris Group invested a total of $4.5M in Molecular Imprints, beginning with its initial investment in 2004. It valued its securities of Molecular Imprints at $8.3M as of December 31, 2013.
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