Novatel to Tap $125M as Needed

9/21/09Follow @bvbigelow

San Diego’s Novatel Wireless (NASDAQ: NVTL), which provides 3G wireless PC cards and related broadband technologies, says it has filed a universal shelf registration statement with the Securities and Exchange Commission. When approved, Novatel will be able to offer and sell up to $125 million of equity, debt or other types of securities as needed. Novatel says terms of any future offering would be established at the time of the offering and would be subject to market conditions and approval by the company’s board of directors.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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