Greenwood Village, CO (PRWEB) July 10, 2011
Keating Capital, Inc. announced that it recently was the lead investor in an $8 million private purchase of common stock from certain founders and management employees of Corsair Components, Inc., a designer and supplier of high-performance components to the personal computer, or PC, gaming hardware market. Keating Capital acquired $4 million of common stock in the transaction, which was completed on July 6, 2011.
About Keating Capital, Inc.
Keating Capital is a business development company that specializes in making pre-IPO investments in innovative, high growth private companies that are committed to and capable of becoming public. Keating Capital provides individual investors with the ability to participate in a unique fund that invests in a private company's late stage, pre-IPO financing round — an opportunity that has historically been reserved for institutional investors.
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect Keating Capital's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in "Risk Factors" in Keating Capital's annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 28, 2011, and subsequent filings with the SEC. Please refer to Keating Capital's SEC filings for a more detailed discussion of the risks and uncertainties associated with its business, including but not limited to the risks and uncertainties associated with investing in micro- and small-cap companies. Except as required by the federal securities laws, Keating Capital undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to Keating Capital's Web site has been provided as a convenience, and the information contained on such Web site is not incorporated by reference into this press release.
Keating Capital, Inc. ("Keating Capital") is a Maryland corporation that has elected to be regulated as a business development company under the Investment Company Act of 1940. Keating Investments, LLC ("Keating Investments") is an SEC registered investment adviser and acts as an investment adviser and receives base management and/or incentive fees from Keating Capital. Keating Investments and its affiliates, control persons, and related individuals or entities may invest in the businesses or securities of the companies for whom Keating Capital provides managerial assistance in connection with its investments. Investment advisory services are provided by Keating Investments. Keating Investments and Keating Capital operate under the generic name of Keating. This announcement is a general communication of Keating and is not intended to be a solicitation to purchase or sell any security. The information contained in this announcement should not be considered to be part of Keating Capital's Prospectus. The offering and sale of Keating Capital's shares may only be made pursuant to Keating Capital's Prospectus, which includes certain risk factors in the "Risk Factors" section of such Prospectus.