Tech Industry

Short: Compaq buys 363,636 shares of Raptor

Raptor Systems announced that Compaq Computer has exercised warrants to purchase 363,636 shares of Raptor's common stock at $11 per share. Compaq acquired the warrants prior to Raptor's IPO in February, and had until October 11 to exercise the warrants. Compaq has now invested $10 million in Raptor, and owns 6.6 percent of its common stock.

Raptor Systems announced that Compaq Computer has exercised warrants to purchase 363,636 shares of Raptor's common stock at $11 per share. Compaq acquired the warrants prior to Raptor's IPO in February, and had until October 11 to exercise the warrants. Compaq has now invested $10 million in Raptor, and owns 6.6 percent of its common stock.