In early October, I posted a list of warrants for blank check companies that had not yet announced a transaction. Since that time, seven companies have announced deals. The performance for the warrants of these companies has varied. The warrants for Chardan North China (CNCAW) have gone from $1.15 to $6.70. In a sympathetic move, the warrants for CNCA's sister company, Chardan South China (CSCAW), which has not yet announced a deal, have gone from $.95 to $3.85.
The rest have been a mixed bag:
Tremisis Energy
Early October: $.84
February 24: $.98
Arpeggio Acquisition
Early October: $.79
February 24: $1.09
Sand Hill IT
Early October: $1.37
February 24: $.91
Trinity Partners
Early October: $1.00 (Class A) and $1.05 (Class B)
February 24: $.60 and $.72
China Mineral Acquisition
Early October: $.62
February 24: $.66
China Unistone
Early October: $1.05
February 24: $2.59
The following is a listing of the warrants for the 30 public blank check companies that have not completed or announced deals. In several instances, the warrants and common shares are not trading because the units have not yet been debundled.
Millstream II Acquisition Corp.
Date of IPO: 12/23/04
Warrant strike price: 5.00
Common stock price: 5.40
Warrant price: 1.00
Coastal Bancshares Acquisition Corp.
Date of IPO: 2/14/05
Warrant strike price: 5.00
Common stock price: 5.32
Warrant price: 0.57
Ardent Acquisition Corporation
Date of IPO: 2/24/05
Warrant strike price: 5.00
Common stock price: 5.33
Warrant price: 0.65
Aldabra Acquisition Corporaton
Date of IPO: 2/24/05
Warrant strike price: 5.00
Common stock price: 5.53
Warrant price: 0.66
Mercator Partners Acquisition Corp.
Date of IPO: 4/15/05
Warrant strike price: 5.00
Common stock price: 5.14
Warrant price:
Class A warrants 0.54
Class B warrants 0.65
Terra Nova Acquisition Corporation
Date of IPO: 4/19/05
Warrant strike price: 5.00
Common stock price: 5.29
Warrant price: 0.56
KBL Healthcare Acquisition Corp. II
Date of IPO: 4/27/05
Warrant strike price: 5.00
Common stock price: 5.41
Warrant price: 0.61
TAC Acquisition Corp.
Date of IPO: 6/29/05
Warrant strike price: 5.00
Common stock price: 5.50
Warrant price: 0.49
Services Acquisition Corp. International
Date of IPO: 6/30/05
Warrant strike price: 6.00
Common stock price: 7.40
Warrant price: 1.11
Courtside Acquisition Corp.
Date of IPO: 7/1/05
Warrant strike price: 5.00
Common stock price: 5.45
Warrant price: 0.50
Oakmont Acquisition Corp.
Date of IPO: 7/14/05
Warrant strike price: 5.00
Common stock price: 5.49
Warrant price: 0.56
Israel Technology Acquisition Corp.
Date of IPO: 7/14/05
Warrant strike price: 5.00
Common stock price: 5.26
Warrant price: 0.71
Juniper Partners Acquisition Corp.
Date of IPO: 7/15/05
Warrant strike price: 5.00
Common stock price: 5.05
Warrant price:
Class A warrants 0.41
Class B warrants 0.48
Fortress America Acquisition Corporation
Date of IPO: 7/15/05
Warrant strike price: 5.00
Common stock price: 5.46
Warrant price: 0.62
Healthcare Acquisition Corp.
Date of IPO: 7/28/05
Warrant strike price: 6.00
Common stock price: 7.58
Warrant price: 2.00
Chardan South China Acquisition Corp.
Date of IPO: 8/4/05
Warrant strike price: 5.00
Common stock price: 8.10
Warrant price: 3.85
Stone Arcade Acquisition Corp.
Date of IPO: 8/16/05
Warrant strike price: 5.00
Common stock price: 5.57
Warrant price: 0.52
Ithaka Acquisition Corp.
Date of IPO: 8/16/05
Warrant strike price: 5.00
Common stock price: 5.34
Warrant price: 0.51
Ad.Venture Partners, Inc.
Date of IPO: 8/26/05
Warrant strike price: 5.00
Common stock price: 5.51
Warrant price: 0.48
Coconut Palm Acquisition Corp.
Date of IPO: 9/9/05
Warrant strike price: 5.00
Common stock price: 5.47
Warrant price: 0.58
Federal Services Acquisition Corp.
Date of IPO: 10/20/05
Warrant strike price: 5.00
Common stock price: 5.58
Warrant price: 0.73
Key Hospitality Acquisition Corporation
Date of IPO: 10/24/05
Warrant strike price: 6.00
Common stock price: 6.91
Warrant price: 0.95
Paramount Acquisition Corp.
Date of IPO: 10/24/05
Warrant strike price: 5.00
Common stock price: 5.27
Warrant price: 0.84
Cold Spring Capital, Inc.
Date of IPO: 11/11/05
Warrant strike price: 5.00
Common stock price: 5.35
Warrant price: 0.45
Endeavor Acquisition Corp.
Date of IPO: 12/15/05
Warrant strike price: 5.00
Common stock price: -
Warrant price: -
Star Maritime Acquisition Corp.
Date of IPO: 12/16/05
Warrant strike price: 8.00
Common stock price: -
Warrant price: -
Boulder Specialty Brands, Inc.
Date of IPO: 12/19/05
Warrant strike price: 6.00
Common stock price: 7.70
Warrant price: 1.25
Argyle Security Acquisition Corp.
Date of IPO: 1/25/06
Warrant strike price: 6.00
Common stock price: -
Warrant price: -
Highbury Financial, Inc.
Date of IPO: 1/25/06
Warrant strike price: 5.00
Common stock price: -
Warrant price: -
Global Logistics Acquisition Corporation
Date of IPO: 2/16/06
Warrant strike price: 6.00
Common stock price: -
Warrant price: -
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