Published on 3/23/2005 in the Prospect News PIPE Daily.
New Issue: Utek plans private placement of stock for $14.2 million
By Sheri Kasprzak
Atlanta, March 23 - Utek Corp. said it will raise up to $14,193,229 in a private placement of stock.
The offering includes up to 1,224,610 shares at $11.59 each.
Based in Plant City, Fla., Utek is a technology transfer company focused on bringing technologies from universities and laboratories to corporations. It plans to use the proceeds from the offering to expand its business in the United States, the United Kingdom and Europe.
| Issuer: | Utek Corp.
|
| Issue: | Stock
|
| Amount: | $14,193,229
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| Shares: | 1,224,610
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| Price: | $11.59
|
| Warrants: | No
|
| Pricing date: | March 23
|
| Stock price: | $15.23 at close March 23
|
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