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News Breaks
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November 12, 2009
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| 17:07 EDT |  | TXCC |
| theflyonthewall.com: | TranSwitch receives Nasdaq delisting notice | | TranSwitch has received a Nasdaq staff determination letter notifying that it has not complied with marketplace rule 5550a2. In connection with the company’s plan to regain compliance, TranSwitch's board announced on November 9 approval of the implementation of a one-for-eight reverse stock split of the company's common stock. The reverse stock split, authorized at the company's 2009 annual meeting of stockholders on May 21, will take effect at 23:59 Eastern time on November 23. :theflyonthewall.com |
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February 10, 2012
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| 17:00 EDT | | TXCC |
| theflyonthewall.com: | TranSwitch announces at-the-market issuance program | | TranSwitch announced that it has filed a prospectus supplement to sell up to an aggregate of $10M of its common stock nthrough an "at-the-market" offering. If utilized, the shares would be offered through MLV & Co. LLC as sales agent. MLV, at TranSwitch's discretion and instruction, will use its commercially reasonable efforts to sell the Shares at market prices from time to time, including sales made directly on The NASDAQ Capital Market. TranSwitch currently intends to use the proceeds from any sales related to the ATM offering for product development, working capital and other general corporate purposes. :theflyonthewall.com |
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February 3, 2012
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| 07:23 EDT |  | TXCC |
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