Boomerang Systems (BMER) 0.5000 $BMER
Boomerang Systems, Inc. Announces Voluntary Chapter 11 to Restructure its Balance Sheet and Secure New Financing
PR Newswire - Wed Aug 19, 9:20AM CDT
Boomerang Systems, Inc. (OTCQB: BMER, the "Company"
, the innovator of the revolutionary RoboticValet® automated parking system, today announced that it is seeking a financial restructuring by the voluntary filing of a petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court". The Company lacks adequate working capital, because of a default by a significant lender.
Boomerang Systems, Inc. Announces Note and Warrant Exchange Offer
PR Newswire - Wed Jul 29, 12:06PM CDT
Boomerang Systems, Inc. (OTCQB: BMER, the "Company", today announced that it has commenced an offer to issue shares of its common stock (the "New Shares" and warrants (the "New Warrants" in exchange for the entire balance (principal and accrued and unpaid interest) of the 15% secured notes (the "Notes" and warrants (the "Eligible Warrants" issued pursuant to the Loan and Security Agreement dated as of June 6, 2013 (the "Loan Agreement" by and among the Company, Boomerang Systems, Inc., Boomerang USA Corp. and Boomerang MP Holdings, Inc. (collectively, the "Borrowers", the Lenders party thereto from time to time and Parking Source LLC, as agent (the "Offer". Notes which are validly tendered and not withdrawn by 11:59 P.M. (Eastern Time) on September 9, 2015 are eligible to participate in the Offer. The New Shares will be issued at the rate of one New Share per $2.15 of principal and accrued interest on the Notes that are exchanged, subject to adjustment in the event the Company consummates an equity or debt offering prior to December 31, 2015, at a lower price per share. One New Warrant will be issued in exchange for each Eligible Warrant exchanged. The New Warrants will be substantially identical to the Eligible Warrants, except for the elimination of the full ratchet anti-dilution provision for below exercise price issuances of securities by the Company contained in the Eligible Warrants.
Boomerang Systems, Inc. Announces Note Exchange Offer
PR Newswire - Mon May 18, 11:24AM CDT
Boomerang Systems, Inc. (OTCQB: BMER,the "Company", today announced that it has commenced an offer to issue shares of its common stock (the "New Shares" in exchange for the entire balance (principal and accrued and unpaid interest) of the 15% secured notes (the "Notes" issued pursuant to the Loan and Security Agreement dated as of June 6, 2013 (the "Loan Agreement" by and among the Company, Boomerang Systems, Inc., Boomerang USA Corp. and Boomerang MP Holdings, Inc. (collectively, the "Borrowers", the Lenders party thereto from time to time and Parking Source LLC, as agent (the "Offer". Notes which are validly tendered and not withdrawn by 11:59 P.M. (Eastern Time) on June 18, 2015 are eligible to participate in the Offer. The New Shares will be issued at the rate of one New Share per $2.75 of principal and accrued interest on the Notes that are exchanged, subject to adjustment in the event the Company consummates an equity or debt offerings prior to December 31, 2015, at a lower price per share.
Boomerang Systems to Install 577-Space RoboticValet® System at HERE Lawrence, Kansas Student Housing Project
PR Newswire - Mon Apr 27, 11:22AM CDT
Boomerang Systems, Inc., (OTCQB: BMER) the innovative U.S. designer and manufacturer of RoboticValet® automated parking systems, announced today that it has signed an agreement to manufacture and install a RoboticValet system for a student housing project adjacent to the University of Kansas campus in Lawrence, Kansas.
Boomerang Systems Appoints New Executive Leadership
PR Newswire - Wed Jan 14, 1:06PM CST
Boomerang Systems, Inc., (OTCQB: BMER) the innovative U.S. designer and manufacturer of RoboticValet® automated parking systems, announced today the appointment of two new members to its senior leadership team.
IR: 68.34 (+0.52), GM: 31.75 (+0.50)
Boomerang Systems, Inc. Completes Exchange Offer
PR Newswire - Mon Nov 10, 4:22PM CST
On October 31, 2014, Boomerang Systems, Inc. (OTCQB: BMER, the "Company", completed an offer to exchange outstanding convertible notes and warrants issued under three private placements in 2011 and 2012 for the issuance of common stock at the rate of $2.15 per share. The Company exchanged $20.5M principal amount of the previously outstanding $20.9M of convertible notes and 4,859,409 warrants for 9,583,384 shares of common stock in the exchange offer.
Boomerang Systems, Inc. Announces Voluntary Chapter 11 to Restructure its Balance Sheet and Secure New Financing
PR Newswire - Wed Aug 19, 9:20AM CDT
Boomerang Systems, Inc. (OTCQB: BMER, the "Company"
, the innovator of the revolutionary RoboticValet® automated parking system, today announced that it is seeking a financial restructuring by the voluntary filing of a petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court". The Company lacks adequate working capital, because of a default by a significant lender. Boomerang Systems, Inc. Announces Note and Warrant Exchange Offer
PR Newswire - Wed Jul 29, 12:06PM CDT
Boomerang Systems, Inc. (OTCQB: BMER, the "Company"
, today announced that it has commenced an offer to issue shares of its common stock (the "New Shares" and warrants (the "New Warrants" in exchange for the entire balance (principal and accrued and unpaid interest) of the 15% secured notes (the "Notes" and warrants (the "Eligible Warrants" issued pursuant to the Loan and Security Agreement dated as of June 6, 2013 (the "Loan Agreement" by and among the Company, Boomerang Systems, Inc., Boomerang USA Corp. and Boomerang MP Holdings, Inc. (collectively, the "Borrowers", the Lenders party thereto from time to time and Parking Source LLC, as agent (the "Offer". Notes which are validly tendered and not withdrawn by 11:59 P.M. (Eastern Time) on September 9, 2015 are eligible to participate in the Offer. The New Shares will be issued at the rate of one New Share per $2.15 of principal and accrued interest on the Notes that are exchanged, subject to adjustment in the event the Company consummates an equity or debt offering prior to December 31, 2015, at a lower price per share. One New Warrant will be issued in exchange for each Eligible Warrant exchanged. The New Warrants will be substantially identical to the Eligible Warrants, except for the elimination of the full ratchet anti-dilution provision for below exercise price issuances of securities by the Company contained in the Eligible Warrants. Boomerang Systems, Inc. Announces Note Exchange Offer
PR Newswire - Mon May 18, 11:24AM CDT
Boomerang Systems, Inc. (OTCQB: BMER,the "Company"
, today announced that it has commenced an offer to issue shares of its common stock (the "New Shares" in exchange for the entire balance (principal and accrued and unpaid interest) of the 15% secured notes (the "Notes" issued pursuant to the Loan and Security Agreement dated as of June 6, 2013 (the "Loan Agreement" by and among the Company, Boomerang Systems, Inc., Boomerang USA Corp. and Boomerang MP Holdings, Inc. (collectively, the "Borrowers", the Lenders party thereto from time to time and Parking Source LLC, as agent (the "Offer". Notes which are validly tendered and not withdrawn by 11:59 P.M. (Eastern Time) on June 18, 2015 are eligible to participate in the Offer. The New Shares will be issued at the rate of one New Share per $2.75 of principal and accrued interest on the Notes that are exchanged, subject to adjustment in the event the Company consummates an equity or debt offerings prior to December 31, 2015, at a lower price per share. Boomerang Systems to Install 577-Space RoboticValet® System at HERE Lawrence, Kansas Student Housing Project
PR Newswire - Mon Apr 27, 11:22AM CDT
Boomerang Systems, Inc., (OTCQB: BMER) the innovative U.S. designer and manufacturer of RoboticValet® automated parking systems, announced today that it has signed an agreement to manufacture and install a RoboticValet system for a student housing project adjacent to the University of Kansas campus in Lawrence, Kansas.
Boomerang Systems Appoints New Executive Leadership
PR Newswire - Wed Jan 14, 1:06PM CST
Boomerang Systems, Inc., (OTCQB: BMER) the innovative U.S. designer and manufacturer of RoboticValet® automated parking systems, announced today the appointment of two new members to its senior leadership team.
IR: 68.34 (+0.52), GM: 31.75 (+0.50)
Boomerang Systems, Inc. Completes Exchange Offer
PR Newswire - Mon Nov 10, 4:22PM CST
On October 31, 2014, Boomerang Systems, Inc. (OTCQB: BMER, the "Company"
, completed an offer to exchange outstanding convertible notes and warrants issued under three private placements in 2011 and 2012 for the issuance of common stock at the rate of $2.15 per share. The Company exchanged $20.5M principal amount of the previously outstanding $20.9M of convertible notes and 4,859,409 warrants for 9,583,384 shares of common stock in the exchange offer. 
