Good Harbor Partners Acquisition Corp. completed its IPO today, selling 500,000 Series A units and 4,600,000 Series B units at $8.50 and $10.10 per unit, respectively. The gross proceeds totaled $50,710,000, down slightly from the $51,710,000 that the company was looking to raise when it filed its initial S-1 in the middle of September.
A total of $46,460,000, equal to $5.05 per Series B common share (calculated on the basis of 9,200,000 shares), has been placed into the trust account.
Each Series A unit consists of two shares of common stock and ten Class Z warrants to purchase ten additional common shares at $5.00 per share. Each Series B unit consists of two shares of Series B common stock and two Class W warrants to purchase two additional common shares at $5.00 per share.
Good Harbor Partners Acquisition Corp. is going to focus its efforts on acquiring an operating entity in the security industry.
There is no word yet as to whether or not the underwriter has exercised its over-allotment option.
The securities will be listed on the OTC Bulletin Board. The Series A (GHBAU.OB) and Series B (GHBBU.OB) units began trading today and closed at $9.30 and $10.35, respectively. The common shares and warrants will begin trading separately at a later date.
The final prospectus can be found at:
sec.gov |
