Cache announces new 'ex-rights' date for $8M right soffering

theflyonthewall.com

Cache announced that the NASDAQ Global Select Market has established a new “ex-rights” date for its previously announced $8M rights offering. NASDAQ has informed Cache that the new ex-rights date will be the first trading day following the date of the first standalone trade of any of the offering’s subscription rights, which are themselves transferable and have been listed for trading on NASDAQ under the symbol “CACHR” since Friday, April 5. As Cache announced on that date, NASDAQ had previously established Monday, April 8, as the offering’s ex-rights date. Cache will issue a press release announcing the ex-rights date finally determined as set forth above. Cache began the process of distributing the offering’s subscription rights to its shareholders of record as of the offering’s record date on Friday, April 5.

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