As of September 30, TINY's NAV was $5.94, up from $4.61 at the end of June. Most, if not all, of the increase was due to the sale of 3.5 million shares at $11.25 per share.
Harris & Harris Group Reports Balance Sheet for Nine Months Ended September 30, 2005
Friday November 4, 5:27 pm ET
NEW YORK--(BUSINESS WIRE)--Nov. 4, 2005--Harris & Harris Group, Inc., announced today that, as of September 30, 2005, its net assets and net asset value per outstanding share (NAV) were $123,376,692 and $5.94, respectively.
During the quarter, the Company sold 3,507,500 shares of its common stock at $11.25 per share for net proceeds of $36,526,567 after underwriting discounts and expenses.
Harris & Harris Group is a publicly traded venture capital company that makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 24 initial private equity investments have been in tiny-technology enabled companies. The Company has 20,756,345 common shares outstanding.
Detailed information about Harris & Harris Group, Inc. and its holdings can be found on its website at tinytechvc.com.
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