NEW YORK, July 7, 2016 /PRNewswire/ -- M III
Acquisition Corp. (the "Company") announced today that it priced
its initial public offering of 15,000,000 units at $10.00 per unit. Each unit issued in the initial
public offering consists of one share of the Company's common stock
and one warrant to purchase one-half of one share of common stock
at an exercise price of $5.75 per
half share ($11.50 per full share).
The units are expected to begin trading today on the NASDAQ Capital
Market under the symbol "MIIIU". Once the securities comprising the
units begin separate trading, the common stock and warrants are
expected to be listed on the NASDAQ Capital Market under the
symbols "MIII" and "MIIIW," respectively. The closing of the
Company's initial public offering is expected to be consummated on
or about July 12, 2016.
The Company is a blank check company that will seek to effect a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses or entities. The Company's efforts to identify a target
business will not be limited to a particular industry or geographic
region, although it intends to focus efforts on seeking a business
combination with a company or companies based in North America that engage primarily in the
financial services, healthcare services and industrials
sectors.
Cantor Fitzgerald & Co. acted as the sole book-running
manager for the offering. Chardan acted as co-manager. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 2,250,000 units to cover over-allotments, if any,
in the public offering.
A registration statement relating to these securities has been
filed with and declared effective by the Securities and Exchange
Commission on July 6, 2016.
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 or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such State or
jurisdiction
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from Cantor
Fitzgerald & Co., 499 Park Avenue, 5th Floor, New York, NY 10022 Attention: Capital Markets,
email: prospectus@Cantor.com.
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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SOURCE M III Acquisition Corp.