Camarillo Firm to Redeem Unexercised Warrants

Advanced Photonix Inc., a Camarillo maker of photodetectors and other electronics, said it will redeem as many as 954,000 of its common-stock purchase warrants next month if those warrants aren’t exercised by investors who are holding them.

The warrants are exercisable until Nov. 18 to purchase shares of Advanced Photonix’s Class A common stock at $3 per share. If all outstanding warrants are exercised, Advanced Photonix said it would receive $2.8 million in proceeds. Advanced Photonix will redeem any unexercised warrants Nov. 19 for 5 cents per warrant.