Cosi plans $5M rights offering

DEERFIELD Ill. Cosi Inc., parent of the 144-unit fast-casual chain, filed a registration statement with federal securities regulators for a rights offering to its existing stockholders that could garner the company $5 million.

The company plans to make the offering through a distribution of subscription rights to purchase shares of Cosi’s common stock at an as yet undetermined price, the company said this week. The offering is subject to an ownership limitation of 19.9

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