Ramtron Raises $8.0 Million with Fixed-Rate Convertible Debenture

3/14/2002 - U.S. semiconductor maker Ramtron International Corporation (Nasdaq:RMTR) today announced that it has signed an agreement to complete a new round of funding for aggregate gross proceeds to Ramtron of $8.0 million. The transaction is expected to close by March 31, 2002. The funding includes the issuance of 5% fixed-rate Convertible Debentures, due March 2007, for $8.0 million to Ramtron strategic partner and investor, Infineon Technologies; Halifax Fund, LP, managed by The Palladin Group, LP; and Cavallo Capital. Cardinal Securities, LLC of Atlanta, Georgia acted as the exclusive placement agent on the transaction. The company also announced that it will expand its strategic partnership with Infineon Technologies.

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