TSI Corp. said Monday that warrants to purchase its commonstock started trading on the NASDAQ system under the symbolTSINW. TSI of Worcester, Mass., said a shelf registration hadbecome effective, allowing secondary sales of 640,000 warrantsto purchase common stock and up to 2.1 million shares ofcommon stock.
The warrants were included in units issued in connection withthe 1991 formation of Exemplar Corp. to fund certain researchand development by TSI (NASDAQ:TSIN).
All of the shares will be sold by shareholders who are notcompany officials, TSI said. The company is to receive noproceeds from the sale of these shares or warrants, but couldget up to $1.5 million if the warrants are exercised. They areexercisable at $8 per warrant at any time through Jan. 31,1996, the company said. TSI Corp. shares closed Monday at $5,up 13 cents.
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