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Article Excerpt
PHILADELPHIA and CHICAGO, Sept. 15 /PRNewswire-FirstCall/ -- Advanced Equities Financial Corp. ("Advanced Equities"), and Dekania Corp. ("Dekania") announced today that they have entered into a definitive agreement under which the companies will merge. Upon completion of the merger the combined entity will be known as Advanced Equities Financial Corp., and will be lead by the current Advanced Equities senior management team.
Advanced Equities Financial Corp. is a leading provider of annuities, investment management, pension administration, securities brokerage and venture capital investment banking services through its wholly owned subsidiaries: Advanced Equities, Inc.; First Allied Securities, Inc.; Advanced Equities Asset Management, Inc.; and Advanced Equities Wealth Management, Inc. Combined, Advanced Equities companies represent an independent brokerage force with approximately 900 financial advisors in 450 locations throughout the United States Additional information is available at http://www.advancedequities.com/.
The initial merger consideration, some of which is payable to the current stockholders of Advanced Equities, and some of which will be reserved for the current warrant and option holders of Advanced Equities, consists of 20,000,000 shares of Dekania common stock. Advanced Equities' stock, option and warrant holders will also be eligible to receive...
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