Amedia Networks receives extension on maturity of $1.61 million in notes

By Sheri Kasprzak

New York, April 20 - Amedia Networks, Inc. said it has been granted an extension on the maturity of $1.61 million in promissory notes issued in December 2005 and January 2006.

The notes will now mature on May 21, moved up from April 21.

For the extension, investors Double U Master Fund, LP and Harborview Special Situations Ltd. will receive warrants for 150,000 shares, exercisable at $1.50 each for five years.

Based in Holmdel, N.J., Amedia develops technology-based broadband access products for voice, video and data services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.