Abtech raises $2.55 million through private placement of stock

Company sells 72.86 million shares to investors in two stages

By Marisa Wong

Morgantown, W.Va., Jan. 6 – Abtech Holdings, Inc. completed its private placement of 72,857,145 shares of common stock for $2.55 million in cash, according to an 8-K filing with the Securities and Exchange Commission.

The company had entered into financing agreements with the following investors: Golden Properties Ltd., Hugo Neu Corp., Alexander Moldovan, Donald R. Kendall Jr., the Harry Mittelman and Brenda Mittelman Living Trust, the Harry Mittelman Revocable Living Trust, Steven Kohlhagen, Upen Bharwada and Christopher Davis.

The transaction closed in two stages on Nov. 10 and on Dec. 28.

Based in Scottsdale, Ariz., Abtech develops clean technology products and services.

Issuer:	Abtech Holdings, Inc.
Issue:	Common stock
Amount:	$2.55 million
Shares:	72,857,145
Price:	$0.035
Investors:	Golden Properties Ltd., Hugo Neu Corp., Alexander Moldovan, Donald R. Kendall, Jr., The Harry Mittelman and Brenda Mittelman Living Trust, The Harry Mittelman Revocable Living Trust, Steven Kohlhagen, Upen Bharwada and Christopher Davis
Pricing date:	Nov. 4
Settlement dates:	Nov. 10, Dec. 28
Stock symbol:	OTC: ABHD
Stock price:	$0.02 at close Jan. 5
Market capitalization:	$4.61 million

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