Published on 8/18/2005 in the Prospect News PIPE Daily.
New Issue: UTEK secures $3.69 million from private placement of stock
By Sheri Kasprzak
New York, Aug. 18 - UTEK Corp. said it has received definitive agreements for a $3,690,204 private placement.
The company plans to sell 330,960 shares at $11.15 each to mutual funds associated with Janus Venture Fund and OppenheimerFunds, Inc.
Based in Plant City, Fla., UTEK develops technologies to retrieve data from universities and research laboratories.
| Issuer: | UTEK Corp.
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| Issue: | Stock
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| Amount: | $3,690,204
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| Shares: | 330,960
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| Price: | $11.15
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| Warrants: | No
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| Investors: | Janus Venture Fund and OppenheimerFunds, Inc.
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| Announcement date: | Aug. 18
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| Stock price: | $12.29 at close Aug. 17
|
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