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Article: Auto Data Network Completes $16.5 Million Financing; Series B Preferred Stock Financing Will Enable Company to Complete Important Transaction.
- Article from:
- Business Wire
- Article date:
- March 12, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--March 12, 2004
Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, today announced the closing of a $16.5 million financing of Series B Preferred Stock. New investors in this round included Alexandra Global Master Fund Ltd., China Development Bank and Tradewinds Fund Ltd. (Series A investors). Investors that also participated in the Company's prior financing included Creedon Keller & Partners, Inc., Crestview Capital Master, L.L.C., United Value Investors, Ltd., Triage Capital Management LP and Triage Offshore Fund Ltd.
"We are extremely ...
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