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BREAKING- B.O.S. Better Online Solutions up 87 Percent- Halted on Circuit Breaker (BOSC)

Shares of B.O.S. Better Online Solutions (NASDAQ: BOSC) are up 87 percent in early trading Tuesday. Shares were halted for a second time as a result of a circuit breaker.

The company announced Tuesday morning that it had entered into a Standby Equity Distribution Agreement, or SEDA, with YA Global Master SPV Ltd., or YA Global. The SEDA provides that, upon the terms and subject to the conditions set forth therein, YA Global is committed to purchase up to $600,000 of the Company’s ordinary shares over a two-year commitment period.

Also Read: Deutsche Bank Says Buy More Expedia – Stock up 4 Percent

Eyal Cohen, BOS CFO, stated:

“We have found the SEDA to be an effective and relatively low cost equity financing instrument. With our forecasted improving results and subject to sufficient trading volume in our stock, we expect to able to draw up to $600,000 on this equity line and use the funding to strengthen our working capital.”

B.O.S. Better Online Solutions Ltd. provides radio frequency identification (RFID) and mobile solutions, and supply chain solutions in Israel and internationally. Its RFID and Mobile Solutions division offers hardware products, including thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; and consumables, such as ribbons, labels, and tags.

[stock-tools exchange="NASDaq" symbol="BOSC" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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