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