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hier haben wir eine moegliche Ursache fuer die Schwaeche..... Form 8-K for TEGAL CORP /DE/ 30-Sep-2005 Termination of Material Agreement Item 1.02. Termination of a Material Definitive Agreement. On September 26, 2005, Tegal Corporation (the "Company") terminated that certain Purchase Agreement, dated July 6, 2005, by and among the Company and the investors party thereto, solely with respect to one investor, Silver Oak Investments ("Silver Oak"). Under the terms of the Purchase Agreement, the Company may terminate the Purchase Agreement if the Second Closing (as defined in the Purchase Agreement) has not occurred on the tenth day following the Company`s annual meeting of stockholders, held on September 13, 2005, at which the Second Closing was approved by the stockholders of the Company. Because Silver Oak had not delivered payment of $2,454,000 to the Company for the purchase of (a) 3,775,385 shares of the Company`s common stock at a price of $0.65 per share and (b) warrants to purchase 1,887,693 shares of the Company`s common stock at an exercise price of $1.00 per share prior to expiration of this ten-day period (which expired on September 23, 2005), the Company terminated the Purchase Agreement with respect to Silver Oak. All other investors party to the Purchase Agreement delivered payment for the shares of the Company`s common stock issued in connection with the Second Closing. |
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| aus der Diskussion: | TEGAL mit 2 neuen Patenten |
| Autor (Datum des Eintrages): | JamesBraun (07.10.05 01:50:37) |
| Beitrag: | 32 von 39 (ID:18172773) |
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