Universal Business Payment Solutions Acquisition Corporation Announces Closing of its Initial Public Offering
17 Mai 2011 - 11:16PM
Business Wire
Universal Business Payment Solutions Acquisition Corporation
(Nasdaq:UBPSU) (the "Company") announces the closing of its initial
public offering on May 13, 2011. The initial public offering
was for an aggregate of 12,000,000 units at $6.00 per unit.
Each unit consists of one share of common stock, par value $.001
per share, and one warrant, each to purchase one share of the
Company’s common stock. In addition, the underwriters have a 45-day
option to purchase up to an additional 1,800,000 units from the
Company at the initial public offering price to cover
over-allotments, if any. The Company also announced the completion
of a private placement of 6,960,000 warrants at $0.50 per
warrant to members of its founding shareholders and its
underwriters.
EarlyBirdCapital, Inc. acted as lead managing underwriter in the
offering and Rodman & Renshaw, LLC, Cohen and Company Capital
Markets, LLC, Maxim Group LLC and I-Bankers Securities, Inc. acted
as co-managers of the offering. Dechert LLP acted as counsel to the
Company and Greenberg Traurig LLP acted as counsel to the
underwriters' representative. Copies of the prospectus for the
offering may be obtained from EarlyBirdCapital, Inc., 275 Madison
Avenue, 27th Floor, New York, NY 10016.
Universal Business Payment Solutions Acquisition Corporation is
a blank check company recently formed to acquire through a merger,
capital stock exchange, asset acquisition, stock purchase or
similar business combination one or more yet unidentified operating
businesses.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission
on May 9, 2011. 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 law of any such state.
For more information about the Company, please visit
www.ubpsac.com.
JetPay Corporation (NASDAQ:UBPSU)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
JetPay Corporation (NASDAQ:UBPSU)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024
