StarBase Seeks New Financing
(Dow Jones)
IRVINE — StarBase Corp. said Tuesday that it plans to raise $3 million to $4 million in new financing.
The software company said it will offer current warrant holders the right to exchange the warrants for common stock on a ratio of one share for three warrants. If all warrants were converted, about 1.6 million additional shares would become outstanding.
StarBase said it also expects to retain an investment banking firm to provide advice and counsel during the financing and on other strategic issues.
