Comarco Inc. of Anaheim said it plans...
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Comarco Inc. of Anaheim said it plans a public offering of $7 million to $10 million in convertible subordinated debentures. Comarco said Wednesday that it will file, within the next 30 to 60 days, a registration statement with the Securities and Exchange Commission on the offering.
Debentures are bonds backed by the general credit of the issuer but not secured by a mortgage or lien.
The computer and engineering services firm said proceeds from the offering will be used to retire short-term debt, provide working capital and finance the company’s expansion.
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