Additional terms of the agreement includes warrants to purchase 4 million shares of common stock at an exercise price of $5.50 per share, as well as the naming of L-1’s founder and CEO Robert V. LaPenta as chairman of the board at Viisage. LaPenta also has the right to appoint two additional members to the Viisage board, which is expected to approve that 85 percent of the $100 million investment will be used for acquisitions. The investment is expected to be completed by the end of 2005 and is subject to the approval by Viisage shareholders.
Viisage Picks Up Us100 Million For Biometric Development
Additional terms of the agreement includes warrants to purchase 4 million shares of common stock at an exercise price of $5.50 per share, as well as the naming of L-1’s founder and CEO Robert V. LaPenta as chairman of the board at Viisage. LaPenta also has the right to appoint two additional members to the […]
sen>SEN.news
Tracking
Bookmark
Page is Bookmarked
RECOMMENDED
WEATHER
Sydney
overcast clouds
18.2
°
C
19.7
°
17.4
°
78%
5.1m/s
99%
Wed
20
°
Thu
21
°
Fri
24
°
Sat
28
°
Sun
15
°
RECOMMENDED
AUTHOR
Related Articles
All
- All
- Access Control
- Access management
- AI
- Alarm Monitoring
- Alarm Systems
- Alarms
- Analysis
- Appointment
- Articles
- Artificial Intelligence
- Authentication
- Automation
- Biometrics
- Bollards
- Business
- Business For Sale
- Case Studies
- CCTV
- Charity
- Cloud
- Communications
- Computers Networking
- Computing
- Corrections
- Cyber Security
- Defence
- Detection Systems
- Drones
- Duress Alarms
- Electric locks
- Electrical
- Electronics
- Events
- Face Recognition
- Featured
- Fence
- Fire
- Gadgets
- Gates
- Government Security
- Guards
- Home Automation
- Industry
- Information Technology
- Installs
- IoT
- IVA
- Jobs
- Law Enforcement
- Locks
- Management Software
- Mergers and Acquisitions
- Monitoring
- Networks
- New Products
- News
- Patrols
- Perimeter Security
- Reviews
- Robotics
- Safe city
- Safety
- SAGE
- Sale
- SecTech
- SecTech NZ
- Security
- Security Cameras
- Security Consulting
- Security Distribution
- Security Installer
- Security Integration
- Security Management
- Security Management Systems
- Security Manufacturers
- Security Networks
- Security Services
- Sensors
- Smart City
- Smart Homes
- Tech Talk
- Technology
- Telecommunications
- TEMP
- Tenders
- Thermal
- Ticker
- Tools
- Training
- Uncategorized
- Video Analytics
- Video Intercoms
- Video Surveillance
- VMS
- Whitepapers
- Wireless
