Ikanos Communications, Inc. (NASDAQ: IKAN) today announced that it has filed with the Securities and Exchange Commission (the SEC) a Registration Statement on Form S-1 for a rights offering (the Rights Offering). In the Rights Offering, stockholders of record at 5:00 p.m. Eastern Time on September 26, 2014 (the Record Date), will receive one non-transferrable subscription right for each whole share of common stock owned on the Record Date. Each subscription right will entitle the holder to purchase 1.459707 shares of the company’s common stock (the Basic Subscription Right), at a subscription price of $0.41 per share (the Subscription Price). The Subscription Price is the same price at which the company sold shares in the Private Placement described below. Source: Press Release
Rights Offering
