SpectraSite starts over
Wireless tower operator SpectraSite Holdings Inc. announced that it was emerging from Chapter 11 bankruptcy protection and changed its name to SpectraSite
Wireless tower operator SpectraSite Holdings Inc. announced that it was emerging from Chapter 11 bankruptcy protection and changed its name to SpectraSite Inc.
Under the plan – approved late last month – SpectraSite will issue nearly 24 million shares of new common stock.
The North Carolina-based company also announced that it was issuing warrants for 1.25 million shares of its new common stock.