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STCL |
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After careful consideration, the Board of Directors has determined that completing the merger with STCL would not be in the best interests of the company, at this time. Since announcing the intent to merge STCL and SATX, the equity market for technology stocks has been less than favorable. STC) (Nasdaq: STCL) today announced that it has signed a definitive subscription agreement with SIB Investment Holdings, Limited, an existing institutional investor in STCL, for the lead portion of a multi-party private placement financing, pursuant to which the Company expects to raise between $5. |
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