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Published on 10/26/2005 in the Prospect News PIPE Daily.

New Issue: ADA-ES raises $13.4 million in private placement of stock

By Sheri Kasprzak

New York, Oct. 26 - ADA-ES, Inc. said it concluded a private placement with institutional investors for $13,414,513.

The company issued 789,089 shares at $17.00 each.

Pritchard Capital Partners, LLC and Adams Harkness, Inc. were the placement agents.

Based in Littleton, Colo., ADA-ES develops and implements environmental technology and specialty chemicals used to mitigate the environmental impact of electric power and industrial companies.

Issuer:ADA-ES, Inc.
Issue:Stock
Amount:$13,414,513
Shares:789,089
Price:$17.00
Warrants:No
Placement agents:Pritchard Capital Partners, LLC, Adams Harkness, Inc.
Settlement date:Oct. 24
Stock price:$19.91 at close Oct. 24

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