TiVo to raise $100M through securities offering
TiVo Inc. (Nasdaq: TIVO), a maker of digital video recorders, said in a regulatory filing after Tuesday’s close that it seeks to raise up to $100 million through a sale of securities.
Alviso, Calif.-based TiVo said in a registration statement with the Securities and Exchange Commission that the firm would use proceeds from the sale for research, development, working capital, sales and marketing, paying down debt, capital expenditures and general corporate purposes.
In morning trading, TIVO shares are down 0.49%, or $0.03, at $6.06. Over the last 52 weeks, shares have range from $5.05 to $7.89.
