DT Asia Investments Limited Announces Pricing of Initial Public Offering
30 Septembre 2014 - 11:55PM
Business Wire
DT Asia Investments Limited ("DT Asia" or the "Company"), a
company formed for the purpose of entering into a merger, share
exchange, asset acquisition or other similar business combination
with one or more businesses or entities, today announced the
pricing of its initial public offering of six million units at a
price to the public of $10.00 per unit. The units are expected to
begin trading on Wednesday, October 1, 2014, on The NASDAQ Capital
Market ("Nasdaq") under the symbol "CADTU." The closing of the
Company’s initial public offering is expected to be consummated on
or about October 6, 2014. Each unit to be issued in the initial
public offering will consist of one ordinary share, one right
to receive one-tenth of an ordinary share on the consummation of an
initial business combination, and one warrant to acquire one-half
of one ordinary share at a price of $12.00 per full share. Once the
securities comprising the units begin separate trading, the
ordinary shares, warrants and rights are expected to be traded on
Nasdaq under the symbols "CADT," "CADTR" and "CADTW,"
respectively.
EarlyBirdCapital, Inc. is acting as sole book-running manager
for the offering and Aegis Capital Corp. and I-Bankers Securities,
Inc. are acting as co-managers for the offering. DT Asia has
granted the underwriters a 45-day option to purchase up to 900,000
additional units to cover over-allotments, if any. This offering is
being made only by means of a prospectus. Copies of the prospectus
relating to this offering may be obtained by contacting
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY
10017. Copies of the registration statement can be accessed through
the SEC's website at www.sec.gov.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
September 30, 2014. 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 offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About DT Asia
DT Asia is a blank check company, also commonly referred to as a
Special Purpose Acquisition Company, or SPAC, formed for the
purpose of acquiring, engaging in a share exchange, share
reconstruction and amalgamation, purchasing all or substantially
all of the assets of, entering into contractual arrangements, or
engaging in any other 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 that have their primary
operations located in Asia, with an emphasis on China. DT Asia is
being sponsored by DeTiger Holdings Limited, which is controlled by
Ms. Winnie Ng.
Forward-Looking Statements
This press release includes "forward-looking statements" that
are not historical facts, and involve risks and uncertainties that
could cause actual results to differ materially from those expected
and projected. Words such as "expects", "believes", "anticipates",
"intends", "estimates", "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect DT Asia
management’s current beliefs, based on information currently
available. A number of factors could cause actual events,
performance or results to differ materially from the events,
performance and results discussed in the forward-looking
statements. For information identifying important factors that
could cause actual results to differ materially from those
anticipated in the forward looking statements, please refer to the
Risk Factors section of DT Asia's preliminary prospectus (and its
final prospectus, when available) for its offering filed with the
Securities and Exchange Commission. Except as expressly required by
applicable securities law, the Company disclaims any intention or
obligation to update or revise any forward looking statements
whether as a result of new information, future events or
otherwise.
DT Asia Investments Limited+1 212-880-2677 or +852
2110-0081Stephen N CannonChief Executive
Officersteve@DTAsiaInvest.comorEmily TongChairman of the
Boardemily@DTAsiaInvest.com
DT ASIA INVESTMENTS LTD (NASDAQ:CADTU)
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