Technology | Corporate Finance Advisory, Debt & Equity Recapitalizations

PASSUR Completes Placement of Common Stock

  • The Special Committee of the Board of Directors of PASSUR Aerospace, Inc. (OTC: PSSR.OB) retained TM Capital as its financial advisor in connection with a private placement of common stock
  • The $10 million placement was financed by a cash investment by certain investors and the conversion of debt by the company’s Chairman, G.S. Beckwith Gilbert
  • The proceeds from the financing were used to reduce the company’s debt
  • TM Capital provided the Special Committee with an opinion that the consideration paid for the common stock was fair to the company
  • PASSUR Aerospace, Inc. is a leading provider of business intelligence and predictive analytics solutions primarily to the aviation industry

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