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Technology Stocks : WAVX: Wave Systems Corp.

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From: TREND13/20/2007 11:57:09 AM
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DJ Wave Systems Files $25M Mixed Securities Shelf >WAVX
12:01 p.m. 03/20/2007 Provided by


DOW JONES NEWSWIRES

Wave Systems Corp. (WAVX) on Tuesday registered with the Securities and Exchange Commission to sell from time to time up to $25 million in Class A common stock, preferred stock, warrants and units.

The Lee, Mass., software use management and encryption company said it will use the net proceeds for general corporate purposes.

No underwriters were listed in the SEC filing.

Shares of the company recently traded at $2.38 each, down 13 cents, or 5.2%.

-Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com

(END) Dow Jones Newswires

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