After declaring doubt in March about its ability to continue as a going concern, semiconductor maker TranSwitch Corp. raised $3.7 million in a secondary public offering on April 3. The move "should mitigate that doubt," chief financial officer Robert Bosi tells Mergers & Acquisitions in an interview.

In a March 25 10-K filing with the U.S. Securities and Exchange Commission, TranSwitch said there was substantial doubt about its ability to continue as a going concern. In the filing, TranSwitch also said that it would be unable to meet its obligations through Dec. 31, 2013, if it didn't get an infusion of capital.

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