Pinnacle Micro Seeking Overseas Financing
- Share via
IRVINE — Pinnacle Micro Inc., which is in default on a $5-million line of credit with Bank of America, said Wednesday it is seeking to arrange overseas financing.
The ailing company, which makes optical data storage devices, plans to place $15 million in debentures that will be convertible into the company’s common stock at various times.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
