The following are transactions executed by our founder and principals at Evolution or their former firms.
June 2007
$65,000,000 Athersys, Inc. _
Reverse Public Offering
Common Stock with Warrants
April 2006
$47,500,000 Cougar
Biotechnology, Inc.
Reverse Public Offering
Convertible Preferred Units
December 2005
$58,500,000 uBid.com, Inc.
Reverse Merger
Reverse Public Offering
Common Stock with Warrants
10 LARGEST HISTORIC REVERSE PUBLIC OFFERINGS CLOSED
(a)
(US$ in millions)
Rank
Issuer
Closing Date
Amount
Our founder has
executed three of
the largest 10
Reverse Public
Offerings ever
completed at his
predecessor firm.
1
Athersys
June 2007
$65.0
2
uBid.com Holdings
December 2005
$58.5
3
Ronco Corporation
June 2005
$50.0
4
Whitehall Jewelers, Inc
July 2007
$50.0
5
Cougar Biotechnology
April 2006
$47.5
6
Summit Global Logistics
November 2006
$33.1
7
China Water & Drink
June 2007
$30.0
8
Redpoint Bio
April
$30.0
9
Cardium Therapeutics
October 2005
$29.0
10
Allegro Biodiesel
September 2006
$28.5
Bold denotes deals executed by Evolution’s founder at his predecessor firm.
Source: Deal Flow Media as of July 31, 2007.
(a) Reverse Public Offerings defined as mergers between public non-operating (“shell”) companies and private operating companies. Ranked by equity proceeds raised in conjunction with the merger and excludes debt financings.
