New Issue: ADA-ES wraps $7 million private placement of shares

By Devika Patel

Knoxville, Tenn., Aug. 29 - ADA-ES, Inc. settled a $7 million private placement of stock on Aug. 26, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 909,092 common shares at $7.70 apiece.

Wedbush Morgan Securities, Inc. was the lead placement agent.

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:	Common shares
Amount:	$7,000,008.40
Shares:	909,092
Price:	$7.70
Warrants:	No
Agent:	Wedbush Morgan Securities, Inc.
Settlement date:	Aug. 26
Stock symbol:	Nasdaq: ADES
Stock price:	$8.35 at close Aug. 26

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