Trans-Lux Corporation Announces Plan for Rights Offering of Preferred Shares
NEW YORK, NY — (Marketwired) — 06/26/15 — Trans-Lux Corporation (OTC PINK: TNLX) ("Trans-Lux" or the "Company"), a leading supplier of Digital Products and next generation LED lighting, announced today that it intends to conduct a rights offering to holders of its common stock to sell a new class of preferred shares for proceeds of up to approximately $10 million, before expenses. The announcement was made by Trans-Lux CEO and President, J.M. Allain.In to the rights offer