SCHENECTADY -- AuthentiDate Holding Corp. said Wednesday it will exercise an option to sell about $2.4 million in convertible securities to a small group of unnamed institutional investors.
The Schenectady-based technology company said the financing will give it a financial boost going into 2004. AuthentiDate develops and sells products that store and secure digital data.
The option the company will exercise was part of an October financing agreement with the same investors in which AuthentiDate sold $3.7 million in securities. That deal allowed AuthentiDate to sell additional securities to the same investors within 12 months, as long as AuthentiDate stock …
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