Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (100)	8/17/2005 6:01:37 PM
From: Glenn Petersen	Read Replies (1) of 3862

Stone Arcade Acquisition Corp. completed its IPO on August 16, 2005, selling 20 million units at $6.00 per unit. The gross proceeds totaled $120 million, considerably less than the $180 million that the company was looking to raise when it filed its initial S-1 in early May. 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 units (SCDEU) closed at $6.00 today. The common shares (SCDE) and warrants (SCDEW) are not yet trading. The final prospectus: sec.gov

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