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Stock Purchase Warrants

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BUSINESS
April 14, 1992
HemaCare Corp. said it plans to redeem the purchase warrants for HemaCare stock that are still outstanding May 21. Warrants give their holders the right to buy a certain number of a company's common shares at a certain price within a specified period. The HemaCare warrants entitled their holders to buy one share of HemaCare at $3.50 a share. As of April 2, holders had exercised 50,985 warrants, providing the Sherman Oaks-based provider of blood-related services with $178,447.
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BUSINESS
January 27, 1998 | Bloomberg News
In a separate ruling, the Supreme Court rejected Microsoft Corp.'s bid to stop some freelance workers from being treated as company employees eligible for its stock plan. The court left intact a San Francisco appellate court ruling that said some workers who signed freelance contracts were, under traditional legal rules, employees entitled to participate in its employee stock purchase plan.
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BUSINESS
June 4, 1986
The equivalent in common shares and warrants were reported purchased for investment purposes by Metromedia and its chairman, Kluge. As reported to the Securities and Exchange Commission, the interest includes 105,240 shares bought at $13 each on May 22 and 532,260 stock purchase warrants bought at $7 each the same day. Viacom International earlier this year acquired stock and warrants for the equivalent of 29% of Orion.
BUSINESS
July 22, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Restaurant baron William P. Foley II on Monday expanded his fast-food empire by agreeing to acquire control of the Newport Beach-based Green Burrito Mexican-style chain. The unexpected deal, scheduled to be completed this week, calls for Irvine-based Fidelity National Financial Inc. to acquire 1 million shares of Green Burrito operator GB Foods Corp., along with stock warrants that, if exercised, would give Fidelity National 41% of GB Foods' shares.
BUSINESS
October 26, 1993
Advanced Photonix Inc., a Camarillo maker of photodetectors and other electronics, said it will redeem as many as 954,000 of its common-stock purchase warrants next month if those warrants aren't exercised by investors who are holding them. The warrants are exercisable until Nov. 18 to purchase shares of Advanced Photonix's Class A common stock at $3 per share. If all outstanding warrants are exercised, Advanced Photonix said it would receive $2.8 million in proceeds.
BUSINESS
January 11, 1994 | JACK SEARLES
BioSource International Inc., a Camarillo producer of immunological reagents and test kits used in biomedical research, reports that warrants to purchase 700,000 shares of its common stock were exercised last month for a total price of $932,000. James Chamberlain, president and chief executive, said the purchases mean "practically all" of BioSource's outstanding warrants have been exercised.
BUSINESS
July 14, 1992
Image Entertainment Inc., a Chatsworth laser disc supplier, said it has issued warrants to Twentieth Century Fox Film Corp. entitling the movie studio to purchase shares of Image common stock. In addition, Image has entered a four-year distribution agreement with Twentieth Century Fox Film's FoxVideo Inc. subsidiary. Under the deal, Image has the right to acquire existing and future FoxVideo movie titles and release them on laser disc. Exact terms of the agreement were not disclosed.
BUSINESS
January 27, 1998 | Bloomberg News
In a separate ruling, the Supreme Court rejected Microsoft Corp.'s bid to stop some freelance workers from being treated as company employees eligible for its stock plan. The court left intact a San Francisco appellate court ruling that said some workers who signed freelance contracts were, under traditional legal rules, employees entitled to participate in its employee stock purchase plan.
BUSINESS
July 21, 1992
International Remote Imaging Systems Inc. said a newly formed Chatsworth company is hoping to raise up to $2 million through an offering of 200,000 units to International Remote stockholders. Funds from the sale of the units by LDA Systems would be used to pay for the third and final phase of a federal Small Business Innovation Research project to commercialize a new automated, high-speed instrument that analyzes white blood cells, International Remote said.
BUSINESS
February 6, 1996
Admar Group Inc. said it has allowed certain publicly traded stock-purchase warrants to expire. Admar, which develops and administers managed health care services, said the expiration applies to publicly traded warrants to purchase 307,800 common shares at an exercise price of $3.75 a share. The term of the warrants, originally scheduled to expire in Dec. 19, 1987, had been extended by the company board at various times and was most recently extended to Feb. 1.
BUSINESS
January 11, 1994 | JACK SEARLES
BioSource International Inc., a Camarillo producer of immunological reagents and test kits used in biomedical research, reports that warrants to purchase 700,000 shares of its common stock were exercised last month for a total price of $932,000. James Chamberlain, president and chief executive, said the purchases mean "practically all" of BioSource's outstanding warrants have been exercised.
BUSINESS
October 26, 1993
Advanced Photonix Inc., a Camarillo maker of photodetectors and other electronics, said it will redeem as many as 954,000 of its common-stock purchase warrants next month if those warrants aren't exercised by investors who are holding them. The warrants are exercisable until Nov. 18 to purchase shares of Advanced Photonix's Class A common stock at $3 per share. If all outstanding warrants are exercised, Advanced Photonix said it would receive $2.8 million in proceeds.
BUSINESS
July 21, 1992
International Remote Imaging Systems Inc. said a newly formed Chatsworth company is hoping to raise up to $2 million through an offering of 200,000 units to International Remote stockholders. Funds from the sale of the units by LDA Systems would be used to pay for the third and final phase of a federal Small Business Innovation Research project to commercialize a new automated, high-speed instrument that analyzes white blood cells, International Remote said.
BUSINESS
July 14, 1992
Image Entertainment Inc., a Chatsworth laser disc supplier, said it has issued warrants to Twentieth Century Fox Film Corp. entitling the movie studio to purchase shares of Image common stock. In addition, Image has entered a four-year distribution agreement with Twentieth Century Fox Film's FoxVideo Inc. subsidiary. Under the deal, Image has the right to acquire existing and future FoxVideo movie titles and release them on laser disc. Exact terms of the agreement were not disclosed.
BUSINESS
July 22, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Restaurant baron William P. Foley II on Monday expanded his fast-food empire by agreeing to acquire control of the Newport Beach-based Green Burrito Mexican-style chain. The unexpected deal, scheduled to be completed this week, calls for Irvine-based Fidelity National Financial Inc. to acquire 1 million shares of Green Burrito operator GB Foods Corp., along with stock warrants that, if exercised, would give Fidelity National 41% of GB Foods' shares.
BUSINESS
April 14, 1992
HemaCare Corp. said it plans to redeem the purchase warrants for HemaCare stock that are still outstanding May 21. Warrants give their holders the right to buy a certain number of a company's common shares at a certain price within a specified period. The HemaCare warrants entitled their holders to buy one share of HemaCare at $3.50 a share. As of April 2, holders had exercised 50,985 warrants, providing the Sherman Oaks-based provider of blood-related services with $178,447.
BUSINESS
October 8, 1991
THQ Inc., a Calabasas producer of video games and toys, said it raised $8.7 million by calling 6.3 million of its warrants, in which the warrants' holders were allowed to purchase common stock of THQ from the company at certain below-market prices. Also, THQ said it obtained a $10-million credit package from The Pacific Bank, of which $2 million is available through next Jan. 15 and $8 million through next March 15.
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