Recent SCO News -
[Cached Version]
Published on: 9/13/2000
Last Visited: 7/21/2001
Brian Swift , CEO of Security Research Associates , Inc. commented , We view Tarantella web-enabling software as particularly unique in the industry , and are pleased to be able to provide , through our institutional investors , some additional working capital to assist the company in gaining continued market acceptance of their product..
Details of the Agreement Under terms of the agreement , SCO will receive $13.1 million in cash , in exchange for 409 , 375 units valued at $32 each.Each unit sold in the private placement consists of eight shares of SCO common stock , plus warrants exercisable for either two shares of SCO common stock at $4 each or one share of the common stock of Caldera , Inc. valued at $8.The warrants for Caldera shares refer to shares that will be owned by SCO , subject to completion of the acquisition of the SCO Server Software and Professional Services divisions by Caldera Systems , which is pending shareholder and regulatory approval.The total number of SCO warrants exercisable in the transaction represent 818 , 750 shares of SCO common stock or 409 , 375 shares of Caldera , Inc. common stock.
Under the terms of the private placement , SCO is obligated to file a registration statement to register the shares and warrants within 60 days.