Rodman & Renshaw Acts as a Co-Manager to Prime Acquisition Initial Public Offering
March 25, 2011 2:02 PM
Rodman & Renshaw, a wholly owned subsidiary of Rodman & Renshaw Capital Group (NASDAQ: RODM), announced that it has acted as a co-manager to Prime Acquisition (NASDAQ: PACQU) who announced the pricing of its initial public offering on March 24, 2011. The initial public offering was for an aggregate of 3,600,000 units at $10.00 per unit. Each unit consists of one share of common stock and one warrant. In addition, the underwriters have a 45-day option to purchase up to an additional 540,000 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 2,185,067 warrants at $0.75 per warrant to members of its founding shareholders and certain of their designees.
The offering is being made only by means of a prospectus, copies of which may be obtained from Chardan Capital Markets, LLC, 17 State Street, Suite 1600, New York, New York, 10004, Attn: George Kaufman.
