TranSwitch reports plans to price public sale of common-share units

Proceeds will help fund product development and working capital

By Devika Patel

Knoxville, Tenn., March 27 - TranSwitch Corp. will price a public offering of its units with a 45-day greenshoe, according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission.

The units will consist of common shares and warrants. The warrants will be exercisable for five years.

Maxim Group LLC is the manager.

Proceeds will be used for product development, working capital and other general corporate purposes.

Shelton, Conn.-based TranSwitch designs, develops and supplies semiconductor and intellectual property products.

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