Adaptive Solutions Inc, Beaverton, Oregon developer of the CNAPS desktop parallel processors, has raised $2.285m net for working capital from a private placing of 627,750 new shares at $3.875 per share.Pacific Crest Securities acted as placing agent.
Digital Transmission Systems Inc, Norcross, Georgia manufacturer of telecommunications equipment to enable long distance carriers, cellular service providers and corporate end users to make efficient use of and to control high-speed digital networks, has filed to go public with an initial offer of 1m units, each of one share and a warrant for a second one. No target price was given. The offering is being underwritten by Barington Capital Group LP.
