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Technology Stocks : Aladdin Knowledge Systems (ALDN)

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To: OpenSea who wrote (324)	4/7/1999 5:18:00 PM
From: Harry J.	Read Replies (2) of 351

Here is the warrant exercise announcement from yesterday. [from biz.yahoo.com/bw/990406/ny_aladdin_1.html] Tuesday April 6, 8:51 am Eastern Time Company Press Release Aladdin Knowledge Systems Exercises Warrant to Purchase Wave Systems Shares TEL AVIV, Israel and NEW YORK--(BUSINESS WIRE)--April 6, 1999-- Aladdin Knowledge Systems (NASDAQ: ALDN - news), a global leader in the field of Internet and software security, announced today that it has exercised approximately 1.2 million shares of Wave System Corp (NASDAQ:WAVX - news) Class A common stock yielding approximately $2.067 million to Wave. Wave Systems intends to file an S-1 registration statement with the Securities and Exchange Commission to register the shares issued. Aladdin currently holds two classes of warrants for the future purchase. Warrant I is for 1.2 million shares of Class A Common Stock at a purchase price of $1.70 per share. This Warrant is being exercised now. Warrant II is for 3.45% of the outstanding shares on a fully diluted basis with a variable price. [snip] Harry

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