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Investors Accelerate SmartVideo's $8 Million Private Placement

Authored by Mark Hefflinger on December 8, 2005 - 6:16am.
Atlanta - SmartVideo Technologies, an Atlanta-based provider of technology for broadcasting live, on-demand and download-and-play television content for mobile video users, announced that the investors in its recent private placement of stock have waived the secondary closing requirements and have completed the $4 million, second phase of the deal. Shares in SmartVideo surged on Thursday, following the announcement, moving up $0.95 to close at $6.10, a gain of 18%. SmartVideo's library of content includes news, weather, sports and children's programming from such companies such as ABC News, NBC Universal, Fox Sports and The Weather Channel, among others.
http://biz.yahoo.com/bw/051207/20051207005573.html?.v=1
http://www.smartvideo.com
tags: Deals | VC | SmartVideo | Private Placement | Investors |



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