Trans-Lux Receives Investment from GAMCO

GAMCO Asset Management Inc. fully subscribed to their rights and exercised their over-subscription rights under Trans-Lux's Rights Offering.
 
 
Trans-Lux Corporation
Trans-Lux Corporation
NEW YORK - Feb. 21, 2019 - PRLog -- New York, NY  – Trans-Lux Corporation ("Trans-Lux") President and Chief Executive Officer, Alberto Shaio, announced that today GAMCO Asset Management Inc. and its affiliates (collectively, "GAMCO") fully subscribed to their rights and exercised their over-subscription rights under Trans-Lux's Rights Offering.  GAMCO also converted all of their shares of Trans-Lux's Series B Convertible Preferred Stock into 1,560,000 shares of Trans-Lux's common stock.

About Trans-Lux
Trans-Lux Corporation is a leading manufacturer and innovator of LED small and large pitch LED digital video displays and Data Walls, serving primarily the financial, entertainment, retail, gaming, education, government, and commercial markets. Trans-Lux's Fair-Play Scoreboards business unit provides scoreboards and scoring systems within the sports industry, providing comprehensive video display solutions for any size venue's indoor and outdoor display needs. For more information please visit www.Trans-Lux.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements such as "will," "believe," "are projected to be" and similar expressions are statements regarding future events or the future performance of Trans-Lux Corporation, and include statements regarding projected operating results. These forward-looking statements are based on current expectations, forecasts and assumptions and involve a number of risks and uncertainties that could cause actual results.

Contact
Alberto Shaio President & CEO
ashaio@trans-lux.com
212.897.2224
***@trans-lux.com
End
Source:Trans-Lux Corporation
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Tags:Trans-Lux
Industry:Manufacturing
Location:New York City - New York - United States
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