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Wave Systems reduces at-the-market offering with MLV to $15 million
Agent MLV helps raise funds for working capital and corporate purposes
By Devika Patel
Knoxville, Tenn., Sept. 20 - Wave Systems Corp. revised its at-the-market issuance sales agreement with MLV & Co. LLC to raise $15 million on Sept. 19, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal priced for $20 million Jan. 30.
Proceeds will be used for working capital and other general corporate purposes.
Wave Systems is a Lee, Mass., maker of hardware and software-based digital security products for computers.
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