NetworkNewsBreaks – ITUS Corp. (NASDAQ: ITUS) Shares Surge on Extended Record Date for $12M Stock Rights Offering

Shares of ITUS (NASDAQ: ITUS) are higher after the company changed the Record Date for its current stock rights offering of up to $12 million to March 1, 2017. New shareholders will need to purchase ITUS common stock by February 24, 2017. The company said it intends to use proceeds from the offering to reduce its debt and for general working capital purposes, including the continued development of Cchek™. “We are changing the Record Date due to the recent increased level of interest in ITUS and because we are presenting at 3 major investor conferences over the next two weeks in the United States and Europe,” ITUS president and CEO Robert Berman stated in the news release.

To view the full press release, visit: http://nnw.fm/43mPn

About ITUS Corporation

ITUS funds, develops, acquires, and licenses emerging technologies in areas such as biotechnology. The company is developing a platform called Cchek™, a series of non-invasive, blood tests for the early detection of solid tumor based cancers, which is based on the body’s immunological response to the presence of a malignancy. Additional information is available at www.ITUScorp.com.

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NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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