Aquasition Corp. Announces Closing of 5M Share IPO at $10/Unit
Aquasition Corp. (NASDAQ: AQUUU) today announced the closing of its initial public offering on November 1, 2012. The initial public offering was for an aggregate of 5,000,000 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 750,000 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 337,750 units at $10.00 per unit to founding shareholders and certain of their designees. An audited balance sheet as of November 1, 2012 reflecting receipt of the proceeds of the initial public offering and the private placement will be included by the Company as an exhibit to a Report of Foreign Private Issuer on Form 6-K to be filed by the Company with the Securities and Exchange Commission.
Lazard Capital Markets acted as sole book running manager in the offering. Copies of the prospectus for the offering may be obtained from Lazard Capital Markets, 30 Rockefeller Plaza, New York, New York 10020, Attn: Equity Syndicate Department.
Aquasition Corp. is