	scan graphics to merge with public company scan graphics inc said it will be uired by captive venture capital inc a public company in a stock transaction approved by shareholders of both companies as a result of the merger the former shareholders of scan graphics will become the majority shareholders of captive venture capital the name of the corporation will be changed to scan graphics inc and its borad of directors will be composed of individuals now on the scan graphics board under the terms of the deal capitive venture capital will issue mln shares of restricted convertible preferred stock convertible into mln shares of common stock in exchange for all outstanding stock of scan graphics upon completing the deal there will be common shares of capitive venture capital issued and outstanding of which shares will be held by the public in addition there are tradeable class a warrants and b warrants each of which entitles the holder to buy shares of common stock at dlrs and dlrs respectively a share scan graphics makes systems that allow users to convert graphic documents such as charts maps and engineering drawings into computer data that can be displayed edited and stored by computer currently captive venture capital stock is traded over the counter and will soon trade under the scan graphics name application for nasdaq listing is expected as soon as requirements are met reuter 
