SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15 (d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): December 6, 2001

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                       ATLANTIC TECHNOLOGY VENTURES, INC.
             (Exact name of registrant as specified in its charter)




           Delaware                       0-27282                36-3898269
 (State or other jurisdiction of   (Commission file number)   (I.R.S. employer
  incorporation or organization)                             identification no.)



       350 Fifth Avenue
          Suite 5507                                              10118
      New York, New York                                        (Zip code)
    (Address of principal
      executive offices)

       Registrant's telephone number, including area code: (212) 267-2503




Item 5.           Other Events

      On December 6, 2001,  Atlantic  Technology  Ventures,  Inc. announced in a
press  release  that it had raised  approximately  $2 million  through a private
placement of its common stock. The proceeds will be used for working capital and
general  corporate  purposes.   Joseph  Stevens  &  Company,   Inc.,  Atlantic's
underwriter for its initial public offering in October 1995,  acted as placement
agent.

      The securities  purchase  agreement for this private  placement  specifies
that the purchase price for each share of Atlantic common stock is $0.24 and the
minimum  and  maximum   aggregate   subscription   amounts  are  $2,000,000  and
$3,000,000,  respectively.  Each  investor  is  entitled to receive a warrant to
purchase one share of Atlantic  common stock for every share of Atlantic  common
stock  purchased  by that  investor.  On November 30,  2001,  Atlantic  received
commitments for the $2,000,000  minimum  aggregate  subscription  amount,  which
permitted  the  initial  closing  to take  place.  Atlantic  expects  to receive
additional   commitments  of  up  to  $1  million  for  the  maximum   aggregate
subscription amount, but there can be no assurances that it will.

      In connection with the private placement,  Atlantic paid to Joseph Stevens
a placement fee equal to 7% of the aggregate subscription amount plus 10% of the
number of shares and warrants issued to the investors.

      The securities purchase agreement and the placement agreement are attached
as exhibits hereto.

Item 7.           Financial Statements, Pro Forma Financial Information and
Exhibits.

(c)   Exhibits.

10.1  Securities Purchase Agreement dated November 2, 2001, between Atlantic
      Technology Ventures, Inc. and certain investors.

10.2  Placement Agreement dated November 6, 2001, between Joseph Stevens &
      Company, Inc. and Atlantic Technology Ventures, Inc.


                                    SIGNATURE

      Pursuant  to the  requirements  of the  Securities  Exchange  Act of 1934,
Atlantic Technology  Ventures,  Inc. has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

Date: December 6, 2001        ATLANTIC TECHNOLOGY VENTURES, INC.


                              By:    /s/ Frederic P. Zotos
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                                    Frederic P. Zotos
                                    President and Chief Executive Officer