| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| East Coast Venture Capital, Inc. |
| 50 East 42nd Street, Suite 1301, New York, NY 10017 * (212) 245-6460 |
| The company is a Small Business Investment Company that provides loan and/or equity financing to small and medium sized businesses or persons who qualify under SBA regulations as socially or economically disadvantaged under SBA rules. |
| Manager | Tier | Phone |
| First Liberty Investment Group | Lead Manager |
| NASSCM: | ECVC | Financial: | SIC 6799 | |
| Type of Shares: | Common Shares | Filing Date: | 7/8/98 | |
| U.S. Shares Filed: | 1,250,000 | Filing Price: | $4.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $5,000,000 | |
| Primary Shares: | 1,250,000 | Expenses: | $558,000 | |
| Secondary Shares: | 0 | Post-IPO Shares: | 6,951,545 |
| Issuer's Law Firm: | Berlack, Israels & Liberman |
| Bank's Law Firm: | Gusrae, Kaplan and Bruno |
| Registrar/Transfer Agent: | Jersey Transfer & Trust Co. |
| Auditor: | Finkelstein, Michael C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 7/31/97 | 4/30/98 | 4/30/97 | 4/30/98 | ||
| Revenue: | $0.36 | $0.31 | $0.26 | Assets: | $6.27 |
| Net Income: | $0.00 | $0.02 | $0.01 | Curr Assets: | $2.17 |
| EPS: | $0.00 | $0.00 | $0.00 | Liabilities: | $4.08 |
| Prior EPS: | $0.00 | Curr Liab: | $0.30 | ||
| Cash Flow/Oper: | -$0.07 | -$0.12 | -$0.03 | Equity: | $2.18 |
| Cash Flow/Fin: | $0.04 | $1.53 | Cash: | ||
| Cash Flow/Inv: | $0.05 | -$0.04 | $0.14 | Working Cap: | $1.87 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to make loans and/or equity investments to small and medium sized businesses to increase the company's loan and equity portfolios that meet the company's lending and investment criteria. |
| Additional Underwriter Compensation |
| Warrant to purchase 120,000 shares/units at $120.00 per share/unit. |
| Exercise price of $4.80 for 4 year(s), 1 year(s) from . |
| # of Units: | 1,250,000 | |||
| Unit Ticker: | ECVCU | Unit Price: | $4.00 | |
| Warrant Ticker: | ECVCW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | $5.50 | ||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |