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Modbook maker Axiotron’s restructuring almost complete

12 June 2010 3,716 views 2 Comments

The one and only maker of Mac tablets has been flying below the radar for months in part due to the arrival of the iPad. Now comes news that this Canadian company has taken a major step or two toward completing restructuring, which has kept it in state of regulatory limbo since December of last year.

Benzinga reports that Axiotron, maker of the Modbook line of Macintosh tablet computers and upgrade kits, is near to completing a restructuring and securing bridge funding. Thereupon, shareholders have approved the plan and the company is awaiting final approval from TSX Venture Exchange, the Canadian share exchange on which the company’s shares are listed.

Axiotron has continued to operate during the restructuring period, though marketing has been virtually non-existant and no new/updated products have launched.

The pen-input Modbook, which launched back in 2007, shook up the normally placid Mac hardware business, earning the device a Macworld Best of Show award in 2008.

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