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Technology Stocks : Blank Check IPOs (SPACS)

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From: Glenn Petersen7/15/2005 11:44:20 PM
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Juniper Partners Acquisition Corp. completed its IPO on July 15, 2005, selling 250,000 Class A units at $10.50 per unit and 1,250,000 Class B units at $10.10 per unit. The gross proceeds totaled $15,250,000, in line with the amount that the company was looking to raise when it filed its initial S-1 at the end of February. There is no word yet as to whether or not the underwriter has exercised its over-allotment option.

The securities are listed on the OTC Bulletin Board. The Class A units (JNPPU) closed the day at $10.40 and the Class B units (JNPPZ) closed the day at $10.05. The common shares and warrants are not yet trading.

The final prospectus:

sec.gov
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