Nautilus Marine Acquisition Corp. Announces Pricing of $48,000,000 Initial Public Offering
July 15 2011 - 8:00AM
Marketwired
Nautilus Marine Acquisition Corp. (the
"Company") (NASDAQ: NMARU), a newly-organized blank check company
formed for the purpose of acquiring or merging with an operating
business, today announced the pricing of its initial public
offering of 4,800,000 units at a price of $10.00 per unit for gross
proceeds of $48,000,000 on July 14, 2011. Each unit issued in the
initial public offering consists of one share of common stock and
one warrant to purchase one share of common stock at an exercise
price of $11.50 per share.
The Company's units will be listed on the NASDAQ Capital Market
today under the symbol "NMARU." The Company has granted the
underwriters a 45-day option to purchase up to an additional
720,000 units to cover over-allotments, if any.
Maxim Group LLC acted as the sole book-running manager and sole
representative for the underwriters. EarlyBirdCapital, Inc. and
Chardan Capital Markets, LLC acted as co-managers of the offering.
Ellenoff Grossman & Schole LLP acted as counsel to the Company
and Lowenstein Sandler P.C. acted as legal counsel to the
underwriters.
The offering of these securities will be made only by means of a
prospectus. A registration statement relating to the units and the
underlying securities has been declared effective by the Securities
and Exchange Commission on July 14, 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 laws of any
such state. Copies of the final prospectus relating to the
offering, when available, may be obtained for free by visiting the
U.S. Securities and Exchange Commission website at
http://www.sec.gov. Alternatively, copies of the prospectus related
to this offering may be obtained from Maxim Group LLC, 405
Lexington Ave, New York, NY 10174, (800) 724-0761.
Investor Relations Contact: Matthew Abenante Capital Link, Inc.
230 Park Avenue - Suite 1536 New York, N.Y. 10169 Tel. (212)
661-7566 Email: mabenante@capitallink.com
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