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Easterly Acquisition Corp. Rings Opening Bell of The Nasdaq Stock Market

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BOSTON--(BUSINESS WIRE)--

Easterly Acquisition Corp. (Nasdaq: EACQU) today announced that it rang the opening bell at the Nasdaq Stock Market to celebrate the previously announced listing of Easterly's units on the Nasdaq Capital Market.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150903006210/en/

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Easterly Acquisition Corp. (Nasdaq: EACQU) rang the opening the bell at the Nasdaq Stock Market today, September 3, 2015. From left to right: Darrell Crate and Avshalom Kalichstein, respectively the chairman and CEO of Easterly Acquisition Corp.; celebrate with David Cody, Managing Director, Easterly Capital, LLC. (Photo: Business Wire)

Easterly is a blank check company formed for the purpose of entering into a business combination with an intended focus on those companies operating in the financial services industry.

Easterly's units, which began trading on July 30, 2015, consist of one share of common stock and one-half of one warrant. Each whole warrant is exercisable to purchase one share of Easterly's common stock at a price of $11.50 per share. Only whole warrants are exercisable.

Chief Executive Officer Avshalom Y. Kalichstein rang the opening bell. He was joined by Chairman Darrell W. Crate and other members of the senior management team of Easterly Acquisition Corp. to mark the milestone event.

"We are delighted to participate in the longstanding tradition of ringing the opening bell at the Nasdaq MarketSite," said Kalichstein. "We look forward to partnering with a company that will serve as a platform for growth and will benefit from access to the public equity markets."

Crate reiterated Kalichstein's remarks, stating, "We look forward to bringing our deep experience in the public markets to a fast-growing partner in financial services."

About Easterly Acquisition Corp.

Easterly Acquisition Corp. (Nasdaq: EACQU) is a newly organized blank check company with $200 million of capital that is seeking a business combination with a company in the financial services industry with which to merge, grow, and compete successfully in the public markets. The Easterly team has a long history of success creating platforms for investors and scaling them to capture market opportunities. To learn more please visit www.easterlyacquisition.com.

About Easterly Capital

Easterly Capital is a private investment firm focused on building and operating asset management platforms driven by investor demand. Easterly Capital believes the constraints on regulated financial institutions in a range of products, asset classes and businesses, driven by capital requirements and regulatory burdens, have created unique opportunities in financial services. In 2015, two platforms that were established by Easterly Capital completed initial public offerings, with Easterly Government Properties, Inc. (NYSE: DEA) raising $207 million in February and Easterly Acquisition Corp. (Nasdaq: EACQU) raising $200 million in July. To learn more please visit www.easterlycapital.com.

Forward Looking Statements

Certain statements contained in this press release that are not historical facts may contain forward-looking statements. Forward-looking statements can be identified by the use of words such as "estimate," "anticipate," "expect," "believe," "intend," "may," "will," "should," "seek," "approximately" or "plan," or the negative of these words and phrases or similar words or phrases. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. These forward-looking statements speak only as the date of this press release and should not be relied upon as predictions of future events. Easterly Acquisition Corp. expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein, to reflect any change in Easterly Acquisition Corp. expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except as required by law.

Easterly Acquisition Corp.
Rachel Williams, 617-231-4344
rwilliams@easterlycapital.com

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