Phoenix Venture Fund Recaps Tablet PC Maker Xplore

Phoenix Venture Fund has recapped Xplore Technologies Corp., a maker of tablet computers. The deal involves the conversion of roughly $9.5 million of debt into Series D convertible preferred stock, the company said. The deal is designed to bolster Xplore’s balance sheet and provide additional liquidity. Xplore was formed in 1996 and is traded on the over-the-counter bulletin board.

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