Navigation Links
IRIDEX Announces Automatic Conversion of Series A Preferred Stock to Common Stock
Date:6/11/2013

MOUNTAIN VIEW, Calif., June 11, 2013 /PRNewswire/ -- IRIDEX Corporation (Nasdaq: IRIX) today announced that it has converted all outstanding shares of its Series A Preferred Stock into 1,000,000 shares of its common stock. The Series A Preferred shares were issued to BlueLine Capital Partners LP (BlueLine) as part of a private placement agreement that occurred in 2007. The Certificate of Designation provides that the Series A Preferred shares will automatically convert into common stock if IRIDEX common stock trades above $5.00 for 30 consecutive trading days.

"This is a positive development for the Company and has been a goal since BlueLine invested in IRIDEX in a private placement and the preferred shares were issued in 2007," Will Moore President and CEO of IRIDEX said. "I want to thank BlueLine for their initial and ongoing support that has allowed us to get to this point. The conversion simplifies our capital structure, is non-dilutive and is an indication that we have made great strides in the past year in meeting commercial and operational milestones and winning investor confidence. The Series A Preferred Stock has always been included in the diluted share count and will be part of the basic and diluted share count going forward."

As a result of the conversion, the separate right of the holders of Series A Preferred Stock to a senior liquidation preference and to appoint a second board member, subject to the approval of the Company, have also ceased.

About IRIDEX

IRIDEX Corporation was founded in 1989 and is a worldwide leader in developing, manufacturing, and marketing innovative and versatile laser-based medical systems, delivery devices and consumable instrumentation for the ophthalmology market. We maintain a deep commitment to the success of our customers, w
'/>"/>

SOURCE IRIDEX Corporation
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. IRIDEX Receives Final $510,000 From Sale Of Aesthetic Business Unit
2. IRIDEX Reports 2013 First Quarter Results
3. IRIDEX Announces Receipt of Large Orders for Laser Systems from Developing Countries
4. IRIDEX Announces First Quarter 2013 Conference Call and Release Date
5. IRIDEX Announces Global Distribution and Supply Agreement with Peregrine Surgical, Ltd.
6. IRIDEX Reports Record 2012 Fourth Quarter Results
7. IRIDEX Announces Fourth Quarter and Full Year 2012
8. IRIDEX Announces Preliminary Unaudited Revenues for 2012 Fourth Quarter and Year End
9. IRIDEX Corporation Announces Preliminary Results of its Tender Offer
10. IRIDEX Announces FDA 510(k) and CE Clearance of New Laser Delivery System for Fast, Non-invasive Treatment of Serious Retinal Diseases
11. QUANTEL Medical Signs Global Licensing Agreement with IRIDEX
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2014)... , August 27, 2014 ... Market By Products (Dental Radiology, CAD/CAM, Dental Chairs, Dental Lasers), Current ... by MarketsandMarkets, the global Dental Equipment Market is expected ... million in 2014, growing at a CAGR of ... 95 market data tables and 61 figures spread ...
(Date:8/27/2014)... Aug. 27, 2014 Pulse Systems, Inc. , ... Practice Management , and Revenue Cycle Management (RCM) ... practices performed by some RCM vendors, at UBM Medica,s ... on September 19-20, 2014.  A presenter ... in September with a new session encouraging practices to "Look ...
(Date:8/27/2014)... 2014 Sihuan Pharmaceutical Holdings Group Ltd. ... leading pharmaceutical company with the largest cardio-cerebral vascular ... prescription drug market, today announced the unaudited ... (collectively the "Group") for the six months ended ... HighlightsFor the Six months ended 30 JuneKey Income ...
Breaking Medicine Technology:Dental Equipment Market Worth $7,138.9 Million by 2019 2Dental Equipment Market Worth $7,138.9 Million by 2019 3Pulse Systems Presents the Truth about Revenue Cycle Management Services at Practice Rx 2Pulse Systems Presents the Truth about Revenue Cycle Management Services at Practice Rx 3Pulse Systems Presents the Truth about Revenue Cycle Management Services at Practice Rx 4Sihuan Pharmaceutical Announces 2014 Interim Results 2Sihuan Pharmaceutical Announces 2014 Interim Results 3Sihuan Pharmaceutical Announces 2014 Interim Results 4Sihuan Pharmaceutical Announces 2014 Interim Results 5Sihuan Pharmaceutical Announces 2014 Interim Results 6Sihuan Pharmaceutical Announces 2014 Interim Results 7
... 2012 Quest International, Inc., a leading global supplier ... announced today that is has contributed $5000 to the ... American Cancer Society Key Gala, that benefits the Boston ... on Thursday, March 29, 2012. "We are ...
... Access NOW! (PCPAN) coalition today applauded the United Mine Workers ... Express Scripts, Inc. (ESI) and Medco Health Solutions, two ... the Federal Trade Commission (FTC), the UMW said the ... union mine workers. UMW is a growing ...
Cached Medicine Technology:Quest International Donates $5000 to the American Cancer Society 2Nationwide Coalition Applauds United Mine Workers For Voicing Concern Over Proposed ESI/Medco Merger 2
(Date:8/27/2014)... will each receive $100,000 in funding to launch pilot ... care for patients served by community health centers. The ... Roundtable and is part of the group,s effort to ... and over receiving regular screening for colorectal cancer by ... process are: Port Royal, South Carolina; New Haven, Connecticut; ...
(Date:8/27/2014)... August 27, 2014 Scientists at The Scripps Research ... specific signaling pathway can be associated with alcohol dependence. ... gene, called neurofibromatosis type 1 (Nf1), which TSRI scientists ... new research shows Nf1 regulates gamma-aminobutyric acid (GABA), a ... , "This novel and seminal study provides insights ...
(Date:8/27/2014)... With most forms of hearing ... use hearing protection when exposed to loud noises ... different forms of hearing protection for ... protection training and devices for workers in construction, ... National Institute of Occupational Safety and Health (NIOSH) ...
(Date:8/27/2014)... you experienced worrisome medical symptoms, did you look ... If so, you,re not alone. Consumers are increasingly ... groups to gather anecdotal information and advice, which ... sources. New research to be presented at the ... characteristics of consumers who use the Internet to ...
(Date:8/27/2014)... Aug. 27, 2014 (HealthDay News) -- A new genetic ... to fight the bowel disorder, researchers report. ... that affect how their genes work, and said these ... with raising the possibility of a simple diagnostic test ... the disease develops and suggest possible gene targets for ...
Breaking Medicine News(10 mins):Health News:Pilot program aims to improve cancer screening, specialty care in community health centers 2Health News:Pilot program aims to improve cancer screening, specialty care in community health centers 3Health News:Scripps Research Institute scientists link alcohol-dependence gene to neurotransmitter 2Health News:Hearing Health Solutions Now Offering a Full Line of Occupation Hearing Protection Services and Expanded Line of Ear Protection Products 2Health News:Hearing Health Solutions Now Offering a Full Line of Occupation Hearing Protection Services and Expanded Line of Ear Protection Products 3Health News:Educated consumers more likely to use potentially unreliable online healthcare information 2Health News:Scientists Spot Genetic Clues to Crohn's Disease 2
... Health Advocates Together to Educate ... Feb. 7 Most Americans are aware of,the dangers of ... says levels of indoor air pollution can be two to ... than outdoor air,pollution levels? Five out of 10 Americans are ...
... BERKELEY, Calif., Feb. 7 Amid the gamut ... that pet owners deem kennel boarding a,"necessary evil," ... preferring at-home professional pet care for the,convenience, safety, ... pets,and their owners., "Owners are increasingly regarding ...
... Videos of sports-fanatic pets sought for Mutt Madness contest, ... on to find,America,s "Ulti-mutt" Sports Pet. Video submissions and ... contest sponsored by PetFirst,Healthcare., If Fido is a ... your,football team scores or catches some serious air when ...
... take as many math courses as boys, influenced by close ... than boys, girls look to their close friends when they ... what math classes to take, confirming how significant peers are ... study conducted by researchers at the University of Texas at ...
... team approach to treating depression in older adults, already shown ... to a new study led by the University of Washington. ... Journal of Managed Care. , Clinical depression affects about 3 ... with 50 to 70 percent higher health-care expenses, mostly due ...
... Calif., Feb. 6 The Ensign,Group, Inc. (Nasdaq: ... Ensign(TM) group of,skilled nursing, rehabilitative care services and ... has been named as,President of The Flagstone Group, ... California operating locations located,throughout Los Angeles, Orange and ...
Cached Medicine News:Health News:February is Designated as 'National Care About Your Indoor Air' Month 2Health News:February is Designated as 'National Care About Your Indoor Air' Month 3Health News:February is Designated as 'National Care About Your Indoor Air' Month 4Health News:Survey Reveals Most Pet Owners Consider Kennel Boarding a 'Necessary Evil'; Pet Care Industry Shortcomings Spawn Improved Approach 2Health News:Search Underway for America's 'Ulti-mutt' Sports Pet 2Health News:Friends' school achievement influences high school girls' interest in math 2Health News:Team treatment for depression cuts medical costs 2Health News:Team treatment for depression cuts medical costs 3Health News:The Ensign Group, Inc. Announces the Appointment of Covey C. Christensen as President of Its Flagstone Subsidiary 2
... designed to give reliable performance for all mixing ... button, power supply socket and fuse holder are ... The speed knob is located on the bottom ... a minimum 950 rpm to a maximum of ...
ThermoPrep 3's two systems in "one" approach, its capability to accommodate up to two standard microplates and its user-selectable settings offers the versatility and throughput you need in today's l...
... only four-color, automated benchtop flow cytometry system ... sorting. Designed specifically to support a wide ... software instrument control, auto-sample loading, and push-button ... FACSCalibur is fully modular so it can ...
... cytometer especially suited for cell analysis ... CyFlow allows to analyze scatter signals ... fluorescence channels. Data acquisition, analysis, and ... built-in PC employing Partec DPAC software, ...
Medicine Products: