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Tech firm offers stock in lieu of debt payment
A financially troubled computer-parts maker that recently relocated to Richardson has reorganized its operations and registered a new issue of stock for shareholders who extended loans to the company earlier this year.
Computer Automation Inc., which moved its headquarters to the area from Irvine, Calif., two months ago, has registered 785,000 shares of common stock with the Securities and Exchange Commission. The shares have been offered to stockholders who loaned the company $3.15 million in January.
The company, which lost $1.09 million in the first nine months of the current fiscal year, was scheduled …