11:19 AM EST - Redknee Solutions Inc. : Has entered into a Standby Purchase Agreement with Wave Systems Corp., an affiliate of ESW Capital, LLC, and ESW in connection with the launching of an approximately $54-million U.S. rights offering, fully backstopped by Wave. The net proceeds of the Rights Offering will be used to fund a restructuring of the business in furtherance of the previously announced strategic plan which will, among other things, create a strong platform for long-term growth, simplified operations and sustained profitability for the Company. Redknee Solutions Inc.
shares T.RKN are trading down $0.02 at $0.77.
