PokerTek Inc. announced last week the sale of its auction rate securities for $3.9 million plus accrued interest.
In connection with the sale, PokerTek said it also liquidated its outstanding loan balance with UBS Financial Services Inc. for $2.9 million plus accrued interest.
The company’s chief financial officer, Mark Roberson, said the liquidation resulted in $1 million in net cash proceeds to PokerTek.