Franklin Telecom Returns to Full Status With SEC

Franklin Telecom received confirmation from the Securities and Exchange Commission that its S-1 filing has gone into effect, the Westlake Village-based communication company said.

The filing returns Franklin to full reporting status with the SEC and registers common shares upon exercise of warrants that were issued in conjunction with a 1995 private placement, allowing the company to realize an additional $2.5 million in cash over the next 60 to 90 days as the warrants are exercised.

“Franklin withdrew from reporting status several years ago as a cost-saving strategy during an extended period of research and development,” said Franklin’s chief financial officer, Tom Russell. “Our newly developed product line has now come into fruition.”

The filing paves the way for Franklin to move forward toward NASDAQ listing, he added.

Founded in 1981, Franklin Telecom designs and manufactures communication devices and high-speed local and wide-area network products.