Ad.Venture Partners, Inc. Completes Initial Public Offering.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Ad.Venture Partners, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AVPAU.OB) announced today that it has completed its initial public offering of 9,000,000 units at $6.00 per unit, raising $54,000,000 in gross proceeds. Each unit consists of one share of common stock and two warrants. The securities were delivered on August 31, 2005. Wedbush Morgan Securities Inc. acted as lead book-running manager for the transaction. Adams Harkness, Inc., Maxim Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Ramius Securities, LLC, GunnAllen Financial, Inc. and Legend Merchant Group acted as co-managers. Ad.Venture Partners, Inc. is a blank check Blank check A check that is duly signed, but the amount of the check is left blank to be supplied by the drawee. company recently formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more operating businesses in the technology, media or telecommunications industries. A prospectus for this offering may be obtained from Wedbush Morgan Securities Inc., 1000 Wilshire Boulevard, Los Angeles, CA 90017. |
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