TV Marketer Plans Public Stock Offering
Twin Star Production Inc., a Scottsdale, Ariz., marketer and distributor of consumer products through television, plans to sell up to 900,000 common shares in an initial public offering, according to a filing with the Securities and Exchange Commission.
Twin Star expects to apply $3 million to buy television air time, $1.2 million for the acquisition and equipping of a new warehouse facility, $1 million for expansion of operations and the balance for general corporate purposes, according to a filing with the Securities and Exchange Commission.
Twin Star has applied to have the shares listed on the over-the-counter market and expects shares to sell initially for between $8.50 and $9.50 each.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
