XM Satellite Radio Holdings Inc. said June 9 that it placed about 9.7 million shares of its Class A common stock in a public offering, underwritten by UBS Securities LLC, resulting in gross proceeds of about $300 million. The company said it plans to use the proceeds for working capital and general corporate purposes, which may include launch payments for the XM-4 satellite in mid to late 2006, construction payments for XM-5, payments for third party programming, prepayment of debt and other strategic initiatives.
XM Satellite Radio Raises $300 Million In Stock Sale
Viasat MDD Software is Available on New Samsung Galaxy S20 TE Solution
Viasat revealed on Monday that its Mobile Dynamic Defense (MDD) cybersecurity software is available for the new Samsung Galaxy S20 Tactical Edition (TE) solution. Viasat’s MDD solution provides cyber protection, […]
