SGI withdraws $100M shelf registration
FREMONT, Calif.—SGI said Friday that it requested a withdrawal of a registration statement it filed with the Securities and Exchange Commission in November.
The shelf registration statement would have allowed it to sell up to $100 million in debt securities, common stock, warrants or other securities at some future date.
The maker of servers and data storage machines said it has not offered or sold any of the securities it registered in the statement.
SGI shares fell 52 cents, or 4.6 percent, to $10.82 in afternoon trading. The stock has traded between $8.77 and $22.95 in the past year.