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| NMRX > SEC Filings for NMRX > Form 8-K on 31-Jul-2009 | All Recent SEC Filings |
31-Jul-2009
Other Events, Financial Statements and Exhibits
On July 28, 2009, Numerex Corp (the "Company") repaid $2 million in cash and converted $1 million of outstanding debt associated with financings in May 2006 and December 2006. Following the repayment and conversion, an aggregate of approximately $ 6 million remains outstanding under these financings.
The conversion of the $1 million of outstanding debt to equity resulted in the issuance of 226,244 shares of the Company's Class A Common Stock (the "Shares") at a conversion price of $4.42 per share, as agreed upon by the parties.
The Shares are registered for resale under the Securities Act of 1933, as amended (the "Securities Act").
The purchaser is an "accredited investor" as defined in Rule 501(d) of Regulation D under the Securities Act. The Company issued the Shares in reliance on the exemption from registration provided by Section 4(2) under the Securities Act.
(d) Exhibits
99.1 Press Release, dated July 28, 2009
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