Intel makes minority investment in Vuzix
Intel said it has made a minority investment in public held smart glass maker Vuzix Corp., according to a press release. The chipmaker said it invested $24.8 million for 49,626 shares of the company's Series A Preferred Stock, which are convertible into 4,962,600 shares of common stock at $5.00 per share. The Series A Preferred Stock represents about 30 percent of outstanding shares.
3 January 2015•3 mins read
