Harmony Holdings Alters Term of Some Warrants
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Harmony Holdings Inc., a Burbank television commercial producer, said it has extended the term of some of its publicly traded warrants.
The B warrants, originally set to expire on Wednesday, are now exercisable until June 25, Harmony said. Each warrant entitles the holder to receive for $3.30 one share of Harmony common stock and a C warrant. Each C warrant can be exchanged at $3.65 for one share of common stock until Jan. 28, 1994.
Harmony, which recently raised $1.6 million from the exercise of other warrants, said the B warrants would raise $1.7 million for the company, if exercised.
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