Radyne ComStream Reminds Holders of Upcoming Expiration of Warrants

Share Name	Share Symbol	Market	Type
Radyne Comstream Wts 2/05 (MM)	NASDAQ:RADNW	NASDAQ	Common Stock

Radyne Comstream Wts 2/05 (MM) (NASDAQ:RADNW)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Radyne Comstream Wts 2/05 (MM) Charts.

Radyne ComStream Reminds Holders of Upcoming Expiration of Warrants PHOENIX, Jan. 25 /PRNewswire-FirstCall/ -- Radyne ComStream Inc. (Nasdaq: RADN; Warrants: RADNW) today announced that its publicly-traded Warrants will expire on Monday, February 7, 2005, and must be exercised no later than 5:00 p.m. Eastern time on that day. Pursuant to the terms of the Warrants, for each Warrant exercised, a holder must deliver one warrant and an exercise price of $8.75, and the Company will issue one share of Common Stock. An investment in the Common Stock of Radyne involves a high degree of risk. Warrant holders are advised to review the Company's prospectus dated May 18, 2000, filed as part of our Form S-3 Registration No. 333-90731, related to the sale of the Common Stock underlying the Warrants, and the information that we have filed with the SEC that is incorporated by reference into the prospectus, copies of which may be obtained without charge by writing or calling us at: Radyne ComStream Inc., 3138 East Elwood Street, Phoenix, Arizona 85034, (602) 437-9620; Attn: Malcolm Persen, V.P. and Chief Financial Officer. We also encourage our warrant holders to carefully consider the following factors, and other factors discussed in the prospectus, before deciding to exercise Warrants for shares of our Common Stock: (i) the trading price of our Common Stock has been volatile over the past several years and could continue to be volatile; (ii) the trading price of our Common Stock may decline after exercise or expiration of our Warrants; and (iii) we have not paid dividends on our Common Stock since inception and we do not intend to pay any dividends to our stockholders in the foreseeable future. Warrants can be exercised either through a brokerage firm or by sending your endorsed warrant certificate, along with a check for the purchase price ($8.75 x number of shares) to Radyne's transfer agent: Registrar & Transfer Company 10 Commerce Drive Cranford, NJ 07016 Attn: RADNW This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Radyne ComStream Inc., nor shall there be any sale of any securities of Radyne ComStream Inc. in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. About Radyne ComStream Radyne ComStream designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, microwave and cable communication networks. The Company, through the Tiernan subsidiary, is a supplier of HDTV and SDTV encoding and transmission equipment. Radyne ComStream is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix and San Diego, and sales offices in Singapore, Beijing, Jakarta and London. The Company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For more information visit our web site at http://www.radn.com/. Contact: Malcolm Persen, V.P. and Chief Financial Officer, Radyne ComStream, 602.437.9620 Safe Harbor Paragraph for Forward-Looking Statements This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and Radyne ComStream claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Radyne ComStream and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," "intends" or "anticipates," and do not reflect historical facts. Factors that may affect forward-looking statements and the Company's business generally include but are not limited to the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical raw materials, excess or shortage of production capacity, and other risks discussed from time to time in the Company's SEC filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Forward-looking statements speak only as of the date the statement was made. Radyne ComStream does not undertake and specifically declines any obligation to update any forward-looking statements. In addition, the Company does not endorse any projections regarding future performance that may be made by third parties. DATASOURCE: Radyne ComStream Inc. CONTACT: Malcolm Persen, V.P. and Chief Financial Officer of Radyne ComStream, +1-602-437-9620 Web site: http://www.radn.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

RADNW Radyne Comstream Wts 2/05 (MM)