Short: SoftNet sold Imnet shares
SoftNet Systems reported that it has sold 277,770 shares of Imnet Systems stock for net proceeds of $5.3 million. It will use the funds for outstanding debts and future growth. SoftNet will record a one-time gain of $3.8 million in the fourth quarter from the sale. SoftNet develops and services electronic information and document management systems.
reported that it has
sold 277,770 shares of Imnet Systems
stock for net proceeds of $5.3 million. It will use the funds for
outstanding debts and future growth. SoftNet will record a one-time gain of
$3.8 million in the fourth quarter from the sale. SoftNet develops and
services electronic information and document management systems.