NEW YORK: Medialink Worldwide has resolved a complaint filed by former debt holders, clearing the way for the company to proceed with its acquisition by The Newsmarket.
On July 7, Medialink filed an 8-K with the Securities and Exchange Commission (SEC) stating that Iroquois Capital, Smithfield Fiduciary, Rockmore Capital, and Portside Growth and Opportunity Fund gave it “written notice that they intend to file a complaint seeking to block the Company's recently announced merger.” These debt holders had received $1.59 million ...