Ardent Acquisition Corporation – STILL IN REGISTRATION
Number of units being registered: 3,000,000
Proposed price per unit: $6.00
Terms of deal: One share of common stock and warrants to purchase two shares of common stock at $5.00 per share.
Underwriters: EarlyBirdCapital, Inc.
Proposed ticker symbols
Common stock: Not known
Warrants: Not known
Units: Not known
Common shares to be outstanding subsequent to IPO: 3,750,000
Shares to be held by public shareholders: 3,000,000
Shares held by insiders: 750,000
Percentage held by public shareholders: 80.0%
Gross proceeds being raised: $18,000,000
Net proceeds to be held in escrow: $15,300,00
Escrowed proceeds per share applicable to future public shareholders: $5.10
Date of IPO: N/A
Date of original filing: December 6, 2004
Current stock price
Common stock: N/A
Warrants: N/A
Units: N/A
Description of business: We are a recently organized Delaware blank check company incorporated on September 14, 2004 in order to serve as a vehicle for the acquisition of an operating business which we believe has significant growth potential. Our efforts in identifying a prospective target business will not be limited to a particular industry, although we intend to focus on technology-related businesses.
Biographical information for significant officer: Barry J. Gordon has been our chairman of the board and chief executive officer since our inception. Mr. Gordon served as executive vice president of American Fund Advisors, Inc. from September 1978 until December 1980, as its president from December 1980 until May 1987 and has been its chairman of the board since May 1987. American Fund Advisors is a private money management firm that manages money for high net worth individuals, pension and profit sharing plans, and is the subadvisor to the John Hancock Technology Fund. Mr. Gordon has been a director of American Fund Advisors since December 1980. Since December 1991, he has been the president, and from December 1991 to December 1993, he was a director, of John Hancock Technology Series, Inc., an investment company. Since September 1999, Mr. Gordon has been president, chief executive officer and a director of BlueStone AFA Management, LLC, the general partner of the AFA Private Equity Fund 1, (formerly BlueStone AFA Fund), a venture capital fund providing equity capital for public and private companies primarily in the technology sector, and since January 2000, has been a director of the AFA Private Equity Fund 1. Mr. Gordon has also been chairman of the board and chief executive officer of the New Jersey Cardinals, a Class A affiliate of the St. Louis Cardinals, since February 1990 and the Norwich Navigators, a Class AA affiliate of the San Francisco Giants, since March 1991. He has also served as a director of Winfield Capital Corp., an Over The Counter Bulletin Board listed small business investment company, since October 1995. Mr. Gordon was also the 1992 Entrepreneur of the Year for Long Island in financial services. Mr. Gordon received a B.B.A. from the University of Miami and an M.B.A. from Hofstra University.
SEC filings: sec.gov |
