NEW YORK, May 17, 2012 /PRNewswire/ -- BGS
Acquisition Corp. (NASDAQ: BGSCU) (the "Company"),
announced today that The PrinceRidge Group LLC, the representative
of the underwriters of its initial public offering of units, which
was consummated on March 26, 2012,
has notified the Company that commencing May
18, 2012, the holders of the Company's units may elect to
separately trade the ordinary shares and warrants underlying the
units. Those units not separated will continue to trade on
the Nasdaq Capital Market under the symbol "BGSCU" and each of the
ordinary shares and the warrants will trade under the symbols
"BGSC" and "BGSCW", respectively.
The PrinceRidge Group LLC acted as sole book-running manager and
representative of the underwriters of the offering.
Mitsubishi UFJ Securities (USA),
Inc. acted as Joint Lead Manager, and together with Chardan Capital
Markets, LLC acted as co-managers of the offering.
A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission on March 20,
2012. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. A copy
of the final prospectus relating to the offering can be obtained
from the Securities and Exchange Commission at
http://www.sec.gov/Archives/edgar/data/1532700/000121390012001239/d29293.htm
and can be obtained from The PrinceRidge Group LLC, 1633 Broadway,
28th Floor, New York, NY
10019.
About BGS Acquisition Corp.
BGS Acquisition Corp. is a recently organized blank check
company incorporated as a British
Virgin Islands business company with limited liability,
formed for the purpose of acquiring or merging with an operating
business. The Company intends to focus on acquiring operating
businesses that have their primary operations located in any of (a)
the MERCOSUR countries (Argentina,
Brazil, Paraguay and Uruguay), (b) associate member countries of
the MERCOSUR countries (Bolivia,
Chile, Colombia, Ecuador and Peru), (c) Latin America generally or (d) the
United States in areas principally serving the Hispanic market.
SOURCE BGS Acquisition Corp.