About 1 million of the 2 million shares of TSI Corp. convertiblepreferred stock outstanding have become convertible intocommon stock on a share-for-share basis.
The shares became convertible once the 90-trading-daymoving average price of the common stock exceeded $9.25,which occurred at close of trading on Dec. 6. Shares of theWorcester, Mass., company (NASDAQ:TSIN) closed Wednesdayat $11.63, down 38 cents.
TSI said it plans to file early next year for a public offering foran undetermined number of shares of common stock. Theoffering will include shares offered by the company and byselling shareholders.
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