As of February 18, 2008, 153 blank check companies have gone public, raising gross proceeds totaling $21,081,565,433 (give or take a buck or two). Another 71 companies currently have registration statements on file with the SEC and are looking to raise $12,745,120,608 (once again, give or take a buck or two). If you back out the companies that filed their initial registration statements before July 3, 2007, there are 55 companies currently in registration that are looking to raise $11,571,999,998. Ten other companies have withdrawn their registration statements, two of which subsequently went public on London’s AIM stock exchange, where they raised gross proceeds totaling $381 million.
47 blank check companies have actually completed acquisitions, and another 21 companies have deals pending. Three companies have had their deals fall apart and are currently assessing their alternatives. Eight companies have failed to close on their proposed acquisitions and have either liquidated or are currently in liquidation. 74 companies are still searching for deals. |
