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Planemaker´s search for investors nears deadline
Planemaker´s search for investors nears deadline

It may be Friday or early next week before Adam Aircraft officials announce the results of efforts to raise $ 30.5 million from investors by the end of January, a company spokeswoman said Wednesday.

Adam Aircraft needs the money to operate until a second, larger equity financing of at least $ 100 million can be secured around the end of May, according to a letter to investors earlier this month.

Without both transactions, officials will be forced to liquidate the Englewood, Colo-based company, the letter said.


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