NEW YORK, July 12, 2016 /PRNewswire/ -- M III
Acquisition Corp. (NASDAQ: MIIIU) (the "Company") announced today
the closing of its initial public offering of 15 million units at
an offering price of $10.00 per unit,
resulting in gross proceeds of $150
million, before underwriting discounts and commissions and
offering expenses. 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. Each unit
consists of one share of the Company's common stock and one warrant
to purchase one-half of one share of its common stock.
The Company was formed for the purpose of effecting 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.
The Company's units began trading on the NASDAQ Capital Market
under the symbol "MIIIU" on July 7,
2016. 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.
Cantor Fitzgerald & Co. acted as the sole book-running
manager for the offering. Chardan acted as co-manager.
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. 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
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SOURCE M III Acquisition Corp.
