AirNet Communications Announces Closing On US$30 Million Of Funding.Business Editors MELBOURNE, Fla.--(BUSINESS WIRE)--May 16, 2001 AirNet Communications Corporation (Nasdaq:ANCC ANCC American Nurses Credentialing Center ANCC Association Nationale des Cardiaques Congénitaux ANCC Army-Navy Country Club (Arlington, VA) ANCC Area Nine Cable Council (state mandated government body in UK) ) today announced that it has completed the sale of $30 million of Series B Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . The company announced April 3, 2001 that it had received binding commitments for the $30 million of funding from a private placement with Mellon Ventures, Ltd., SCP (1) (Service Control Point) A node in an SS7 telephone network that provides an interface to databases, which may reside within the SCP computer or in other computers. Private Equity Partners ll, L.P., and Tandem PCS Investments, L.P. AirNet(R) and AirSite(R) are registered trademarks with the U.S Patent and Trademark Office, the stylized styl·ize tr.v. styl·ized, styl·iz·ing, styl·iz·es 1. To restrict or make conform to a particular style. 2. To represent conventionally; conventionalize. AirNet mark, AdaptaCell(TM), Super Capacity(TM), Backhaul Free(TM), and We're Ready for Anything(TM) are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations. |
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