ReconRobotics Investors Agree To Reorganization

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By Neal St. Anthony, Star Tribune

“Shareholders of struggling ReconRobotics have approved a reorganization the CEO said was necessary to avert liquidation in bankruptcy court.

A group of Twin Cities financiers, led by investment banker Tony Christianson of Cherry Tree Associates, previously bought a $300,000 Recon bank loan and will invest another $300,000 in exchange for 60 percent of the common stock.”

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