Health Benefits Direct Corporation today announced that it has extended the expiration of its rights offering to 5:00 p.m., New York City time, on Friday, March 26, 2010, unless further extended by the company.
(PRWEB) March 12, 2010 -- Health Benefits Direct Corporation (OTC Bulletin Board: HBDT), a leading technology innovator in the marketing, sales and administration of a range of insurance technology products, today announced that it has extended the expiration of its rights offering to 5:00 p.m., New York City time, on Friday, March 26, 2010, unless further extended by the company. The rights offering was previously scheduled to expire at 5:00 p.m., New York City time, on Friday, March 12, 2010.
As more fully described in the company’s prospectus dated January 22, 2010, Health Benefits Direct Corporation distributed, at no charge to the holders of its common stock and preferred stock, non-transferable subscription rights to subscribe for units consisting of 250 shares of the company’s Series A preferred stock and a five-year warrant to purchase 5,000 additional shares of the company’s common stock at an exercise price of $0.20 per share. The company’s stockholders received one subscription right for every 12,256 shares of Health Benefits Direct Corporation’s common stock and 613 shares of Health Benefits Direct Corporation’s preferred stock held of record as of 5:00 p.m., New York City time, on January 1, 2010. Each subscription right entitles the holder to subscribe for one unit at the subscription price of $1,000 per unit.
Health Benefits Direct Corporation has appointed Georgeson Inc. as information agent for the rights offering. Any questions regarding the rights offering or requests for additional copies of documents may be directed to Georgeson Inc. at (800) 334-9843 Monday through Friday (except bank holidays), between 9:0
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