Flexible Electronics News

MFLEX Enters Into Registration Rights Agreement With Majority Shareholder WBL Corporation Limited, Intends to File Shelf Registration Statement

MFLEX also intends to establish 10b5-1 plan to repurchase common stock

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Multi-Fineline Electronix, Inc. and WBL Corporation Limited announced that they have entered into a Registration Rights Agreement. As of the date of this announcement, WBL’s beneficial ownership in MFLEX is approximately 62%. In accordance with the Registration Rights Agreement, MFLEX intends to file a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) to register all 14,817,052 shares of common stock held by WBL for resale. MFLEX is not registe...

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