Summer Infant, Inc. to Separate Units into Component Parts Effective March 28, 2008
March 18 2008 - 8:15AM
Business Wire
Summer Infant, Inc. (the �Company�) (Nasdaq: SUMR, SUMRU, SUMRW)
announced that, effective March 28, 2008, the Company�s Units
(Nasdaq: SUMRU) will be separated into its component securities.
The Units are comprised of one share of Common Stock (Nasdaq: SUMR)
and two Warrants (Nasdaq: SUMRW). As a result, beginning on that
date, the Units will cease trading and Unit holders� accounts, in
lieu of the Units, will reflect ownership of the Common Stock and
Warrants, which will continue to trade as before. About Summer
Infant, Inc. Based in Woonsocket, Rhode Island, the Company is a
designer, marketer and distributor of branded durable juvenile
health, safety and wellness products (for ages 0-3 years), which
are sold principally to large U.S. retailers. The Company currently
sells proprietary products in a number of different categories,
including nursery audio/video monitors, safety gates, durable bath
products, bed rails, infant thermometers and related health and
safety products, booster and potty seats, soft goods, bouncers,
strollers, highchairs and swings.
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