67 FR 102 pg. 36954 - Notice Seeking Exemption Under section 312 of the Small BusinessInvestment Act, Conflicts of Interest
Type: NOTICEVolume: 67Number: 102Page: 36954
FR document: [FR Doc. 02-13208 Filed 5-24-02; 8:45 am]
Agency: Small Business Administration
Official PDF Version: PDF Version
SMALL BUSINESS ADMINISTRATION
Notice Seeking Exemption Under section 312 of the Small BusinessInvestment Act, Conflicts of Interest
Notice is hereby given that Zero Stage Capital SBIC VII, L.P.("ZSCVII"), 101 Main Street, 17th Floor, Cambridge, Massachusetts 02142, a Federal Licensee under the Small Business Investment Act of 1958, as amended ("the Act"), in connection with the financing of a small concern, has sought an exemption under section 312 of the Act and section 107.730, Financings which Constitute Conflicts of Interest, of the Small Business Administration ("SBA") rules and regulations (13 CFR 107.730 (2002)). ZSCVII proposes to provide equity financing to Spherics, Inc. ("Spherics"), 300 Metro Center Boulevard, Suite 150, Warwick, Rhode Island 02886. The financing is contemplated for market expansion and working capital.
The financing is brought within the purview of Section 107.730(a)(1) of the Regulations because Zero Stage Capital VI, L.P., an Associate ZSCVII, currently owns greater than 10 percent of Spherics, and therefore Spherics is considered an Associate of ZSCVII as defined in Section 107.50 of the Regulations.
Notice is hereby given that any interested person may submit written comments on the transaction to the Associate Administrator for Investment, U.S. Small Business Administration, 409 Third Street, SW., Washington, DC 20416.
Dated: May 20, 2002.
Harry Haskins,
Acting Associate Administrator for Investment.
[FR Doc. 02-13208 Filed 5-24-02; 8:45 am]
BILLING CODE 8025-01-P