NetworkNewsBreaks – ITUS Corp. (NASDAQ: ITUS) Shares Surge on Extended Record Date for $12M Stock Rights Offering
Shares of ITUS (NASDAQ: ITUS) are higher after the company changed the Record Date for its current stock rights offering of up to $12 million to March 1, 2017. New shareholders will need to purchase ITUS common stock by February 24, 2017. The company said it intends to use proceeds from the offering to reduce its debt and for general working capital purposes, including the continued development of Cchek™. "We are changing the Record Date due to the recent increased level of interest in ITUS and because we are presenting at 3 major investor conferences over the next two weeks…







