$10-Million Stock Sale Will Help Aspeon Unit
- Share via
Dow Jones
Aspeon Inc., an Irvine manufacturer of point-of-sale computers, said Thursday that it has sold $10 million in preferred stock to Marshall Capital Management Inc.
The stock can be converted later to common shares.
Aspeon said in a press release that it plans to use the funds to expand operations of Aspeon Solutions Inc., its application service provider unit.
Marshall is an affiliate of Credit Suisse First Boston Corp.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
