Aldabra Acquisition Corporation – STILL IN REGISTRATION
Number of units being registered: 4,000,000
Proposed price per unit: $12.00
Terms of deal: One share of common stock and warrants to purchase two shares of common stock at $10.00 per share.
Underwriters: Morgan Joseph
Proposed ticker symbols
Common stock: Not known
Warrants: Not known
Units: Not known
Common shares to be outstanding subsequent to IPO: 5,000,000
Shares to be held by public shareholders: 4,000,000
Shares held by insiders: 1,000,000
Percentage held by public shareholders: 80.0%
Gross proceeds being raised: $48,000,000
Net proceeds to be held in escrow: $42,640,000
Escrowed proceeds per share applicable to future public shareholders: $10.66
Date of IPO: N/A
Date of original filing: December 23, 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 November 22, 2004 in order to serve as a vehicle for the acquisition of an operating business. Our efforts in identifying a prospective target business will not be limited to a particular industry, although we intend to focus our efforts on seeking a business combination with a portfolio company currently held by a private equity firm specializing in either leveraged buyouts or venture capital.
Biographical information for significant officer: Nathan Leight has been our chairman of the board since our inception. Mr. Leight is the co-founder and a managing member of Terrapin Partners LLC (including its affiliates) and a co-founder and a managing member and the chief investment officer of Terrapin Asset Management, LLC (including its affiliates). Terrapin Partners, established in August 1998, is a private investment management firm focusing on private equity investing. Terrapin Asset Management, established in January 2001, focuses on the management of multi-manager hedge fund portfolios, and as of December 1, 2004, managed, or provided sub-advisory services for, over $200 million of assets. From September 1998 to March 1999, Mr. Leight served as the interim chief executive officer of e-STEEL LLC, an industry-specific business-to-business software enterprise, and from January 2000 to May 2002, he served as interim chief executive officer of VastVideo, Inc., a provider of special interest video content and related technology to web sites and interactive television operators. Both e-STEEL and VastVideo were Terrapin portfolio companies. From February 1995 to August 1998, Mr. Leight was employed by Gabriel Capital LP, a hedge fund with assets exceeding $1 billion specializing in investing in bankruptcies, under-valued securities, emerging markets, and merger arbitrage, and from February 1995 to August 1997 he served as its chief investment officer. From December 1991 to February 1995, Mr. Leight served as the managing director of Dillon Read & Co., a private investment firm, where he oversaw the firm's proprietary trading department which invested primarily in risk arbitrage and bankruptcy/distressed companies. Mr. Leight received a B.A. from Harvard College (cum laude). Mr. Leight is the cousin of Jonathan W. Berger.
SEC filings: sec.gov |
