Jun. 12 at 5:13 PM
$AMSC
Immediate new revenue stream from interests
What is the going interest rate on
$108 Million CDs?
..."We intend to use the net proceeds from this offering for working capital and general corporate purposes, including potential strategic acquisitions."...
..."Pending use of the proceeds as described above, we intend to invest the net proceeds of this offering in short-term, interest-bearing, investment-grade securities or certificates of deposit."...