PROFILES - OPEN DEALS
Great Wall Acquisition Corporation (stock symbol: GWAQ), which raised $27.096 million when it went public on March 19, 2004, announced on September 12, 2005, that it was acquiring ChinaCast Communication Holdings Limited, a China-based provider of e-learning services. The common shares and warrants last traded at $6.20 and $.1.84, respectively, giving the units, which last traded at $9.95, a value of $9.88. The units were originally priced at $6.00.
Millstream II Acquisition (stock symbol: MSMA), which raised $27.6 million when it went public on December 23, 2004, announced on June 12, 2006 that it was acquiring Specialty Surfaces International (d/b/a Sprinturf), a manufacturer of synthetic turf systems. The shareholders are scheduled to vote on the acquisition on December 21, 2006. If Millstream II does not complete an acquisition by December 23, 2006, the company will be required to liquidate. The common shares and warrants last traded at $5.26 and $.32, respectively, giving the units, which last traded at $6.00, a value of $5.90. The units were originally priced at $6.00.
Ardent Acquisition Corporation (stock symbol: AACQ), which raised $41.4 million when it went public on February 24, 2005, announced on October 3, 2006 that it was acquiring Avantair, Inc., a provider of fractional ownerships of piloted aircraft for personal and business use. The common stock and warrants last traded at $5.44 and $.56, respectively, giving the units, which last traded at $6.53, a value of $6.56. The units were originally priced at $6.00.
Aldabra Acquisition Corporation (stock symbol: ALBA), which raised $55.2 million when it went public on February 25, 2005, announced on June 20, 2006 that it was acquiring Great Lakes Dredge & Dock Corporation, an international dredging company. The common stock and warrants last traded at $5.83 and $1.27, respectively, giving the units, which last traded at $8.50, a value of $8.37. The units were originally priced at $6.00.
Terra Nova Acquisition Corporation (stock symbol: TNVA), which raised $33.12 million when it went public on April 19, 2005, announced on August 9, 2006 that it was acquiring ClearPoint Business Services, a business services provider. The common stock and warrants last traded at $5.39 and $.81, respectively, giving the units, which last traded at $7.15, a value of $7.01. The units were originally priced at $6.00.
KBL Healthcare Acquisition Corp. II (stock symbol: KBLH), which raised $55.2 million when it when public on April 27, 2005, announced on September 5, 2006 that it had reached an agreement to acquire Summer Infant, Inc., a designer, marketer and distributor of branded durable health, safety and wellness products for infants and toddlers. The common stock and warrants last traded at $5.49 and $.67, respectively, giving the units, which last traded at $6.70, a value of $6.83. The units were originally priced at $6.00.
TAC Acquisition Corp. (stock symbol: TACA), which raised $132 million when it went public on June 29, 2005, announced on June 12, 2006 that it had reached an agreement to acquire AVIEL Systems, Inc., a provider of IT and management consulting solutions to the federal government in areas critical to national security, transportation and defense. The shareholders of TAC are scheduled to vote on the acquisition on December 29, 2006. The common stock and warrants last traded at $5.50 and $.11, respectively, giving the units, which last traded at $5.82, a value of $5.72. The units were originally priced at $6.00.
Oakmont Acquisition Corp. (stock symbol: OMAC), which raised $51.45 million when it went public on July 14, 2005, announced on August 1, 2006 that it had reached an agreement to acquire the assets of One Source Equipment Rentals LLC, a provider of industrial and construction equipment in the Midwest. The common stock and warrants last traded at $5.43 and $.43, respectively, giving the units, which last traded at $6.30, a value of $6.29. The units were originally priced at $6.00.
Israel Technology Acquisition Corp. (stock symbol: ISLT), which raised $37.9 million when it went public on July 14, 2005, announced on March 1, 2006 that it had reached an agreement to acquire IXI Mobile, Inc., a provider of data-centric mobile devices. The common stock and warrants last traded at $5.50 and $.48, respectively, giving the units, which last traded at $6.40, a value of $6.46. The units were originally priced at $6.00.
Juniper Partners Acquisition Corp. (stock symbols: JNPPA and JNPPB), which raised $17.4 million when it went public on July 15, 2005, announced on August 16, 2006 that it had reached an agreement to acquire Firestone Communications, which owns and operates Sorpresa!, the first "in language" children's television network and digital community for Hispanic youth. The Class A common shares and Class W warrants last traded at $2.30 and $.23, respectively, giving the Class A units, which last traded at $6.00, a value of $6.90. The Class B shares and Class L warrants last traded at $5.12 and $.22, respectively, giving the Class B units, which last traded at $10.69, a value of $10.68. The Class A and Class B units were originally priced at $10.50 and $10.10, respectively.
Fortress America Acquisition Corp. (stock symbol: FAAC), which raised $46.8 million when it went public on July 15, 2005, announced on June 6, 2006 that it had reached agreements to acquire Total Tech Solutions and Vortech LLC, providers of comprehensive services for the planning, design, and development of mission critical facilities and information infrastructure. The common stock and warrants last traded at $5.60 and $.45, respectively, giving the units, which last traded at $6.30, a value of $6.50.
Chardan China North Acquisition Corp. (stock symbol: CNCA), which raised $$34.5 million when it went public on August 4, 2005, announced on February 2, 2006, that it was acquiring two China-based companies that sell automation systems into the Chinese market. The common stock and warrants last traded at $7.48 and $2.50, respectively, giving the units, which last traded at $12.70, a value of $12.48. The units were originally priced at $6.00.
Stone Arcade Acquisition Corp. (stock symbol: SCDE), which raised $120 million when it went public on August 16, 2005, announced on June 26, 2006 that it had reached an agreement to acquire the kraft papers business of International Paper. The common stock and warrants last traded at $6.15 and $1.50, respectively, giving the units, which last traded at $8.90, a value of $9.15. The units were originally priced at $6.00
Ithaka Acquisition Corp. (stock symbol: ITHK), which raised $53.1 million when it went public on August 16, 2005, announced on October 4, 2006 that it had reached an agreement to acquire Alsius Corporation, a commercial-stage medical device company that develops, manufactures and sells proprietary products to precisely control patient temperature in hospital critical care settings. The common stock and warrants last traded at $5.39 and $.56, respectively, giving the units, which last traded at $6.50, a value of $6.51. The units were originally priced at $6.00.
Coconut Palm Acquisition Corp. (stock symbol: CNUT), which raised $69 million when it went public on September 9, 2005, announced on April 10, 2006 that it had reached an agreement to acquire Equity Broadcasting Corporation, one of the largest owners and operators of television stations in the United States and a distribution platform for Spanish-language media. The common stock and warrants last traded at $5.49 and $.35, respectively, giving the units, which last traded at $6.10, a value of $6.19. The units were originally priced at $6.00.
Federal Services Acquisition Corp. (stock symbol: FDSA), which raised $126 million when it went public on October 20, 2005, announced on April 20, 2006 that it had reached an agreement to acquire Advanced Technology Systems, Inc., a provider of systems integration and application development, IT infrastructure management and strategic IT consulting services to U.S. federal government agencies. The shareholders of Federal Services Acquisition are scheduled to vote on the transaction on January 11, 2007. The common stock and warrants last traded at $5.60 and $.33, respectively, giving the units, which last traded at $6.20, a value of $6.23. The units were originally priced at $6.00.
Paramount Acquisition Corp. (stock symbol: PMQC), which raised $58.65 million when it went public on October 24, 2006, announced on August 28, 2006 that it had reached an agreement to acquire a majority Interest in Valeritas, LLC, a medical technology company with a focus on the Type II diabetes market. The common shares and warrants last traded at $5.35 and $.67, respectively, giving the units, which last traded at $6.85, a value of $6.69. The units were originally priced at $6.00.
Platinum Energy Resources, Inc. (stock symbol: PGRI), which raised $115.2 million when it went public on October 25, 2005, announced on January 26, 2006, that it was acquiring Tandem Energy Holdings, an oil and gas company. The common shares and warrants last traded at $7.22 and $.60, giving the units, which last traded at $7.70, a value of $7.82. The units were originally priced at $8.00.
Cold Spring Capital, Inc. (stock symbol: CDS), which raised $120 million when it went public on November 11, 2005, announced on November 3, 2006 that it had reached an agreement to acquire Sedona Development Partners LLC, a specialty real estate developer. The common shares and warrants last traded at $5.42 and $.27, respectively, giving the units, which last traded at $5.86, a value of $5.96. The units were originally priced at $6.00.
Boulder Specialty Brands, Inc. (stock symbol: BDSB), which raised $102.1 million when it went public on December 19, 2005, announced on September 26, 2006 that it had reached an agreement to acquire GFA Brands, Inc., the marketer of Smart Balance, a line of heart-healthy foods. The common shares and warrants last traded at $8.60 and $2.63, respectively, giving the units, which last traded at $11.19, a value of $11.23. The units were originally priced at $8.00.
Argyle Security Acquisition Corp. (stock symbol: ARGL), which raised $30.6 million when it went public on January 25, 2006, announced on December 14, 2006 that it had reached an agreement to acquire ISI Security Group, a solutions provider to the physical security industry. The common shares and warrants last traded at $7.44 and $1.25, respectively, giving the units, which last traded at $8.75, a value of $8.69. The units were originally priced at $8.00.
Acquicor Technology, Inc. (stock symbol: AQR), which raised $174.5 million when it went public on March 14, 2006, announced on September 26, 2006 that it had reached an agreement to acquire Jazz Semiconductor, Inc., an independent wafer foundry primarily focused on specialty CMOS process technologies. The common shares and warrants last traded at $5.65 and $.77, respectively, giving the units, which last traded at $7.07, a value of $7.19. The units were originally priced at $6.00.
Echo Healthcare Acquisition Corp. (stock symbol: EHHA), which raised $57.5 million when it went public on March 17, 2006, announced on September 11, 2006 that it had reached an agreement to acquire XLNT Veterinary Care, Inc., an entity which owns a chain of animal hospitals. The common shares and warrants last traded at $7.41 and $.85, respectively, giving the units, which last traded at $8.25, a value of $8.26. The units were originally priced at $8.00.
General Finance Corp. (stock symbol: GFN), which raised $69 million when it went public on April 5, 2006, announced on September 12, 2006 that it had reached an agreement to acquire Royal World Trading Australia Pty Limited, an Australian corporation engaged in the sale and leasing of portable storage containers, portable container buildings and freight containers. The common shares and warrants last traded at $7.32 and $.90, respectively, giving the units, which last traded at $8.20, a value of $8.22. The units were originally priced at $8.00.
JK Acquisition Corp. (stock symbol: JKA), which raised $81.35 million when it went public on April 11, 2006, announced on September 7, 2006 that it had reached an agreement to acquire Multi-Shot LLC, an independent directional drilling services company with an established presence in most major producing onshore oil and gas basins in the United States. The common shares and warrants last traded at $5.60 and $.48, respectively, giving the units, which last traded at $6.50, a value of $6.56. The units were originally priced at $6.00.
HAPC, Inc., formerly Healthcare Acquisition Partners, (stock symbol: HAPN), which raised $101.3 million when it went public on April 12, 2006, announced on October 2, 2006 that it had reached an agreement to acquire InfuSystem, Inc., a nationwide leader in ambulatory infusion pump management services to oncologists. The common shares and warrants last traded at $5.57 and $.25, respectively, giving the units, which last traded at $6.00, a value of $6.07. The units were originally priced at $6.00.
Harbor Acquisition Corp. (stock symbol: HAC), which raised $82.8 million when it went public on April 25, 2006, announced on December 18, 2006 that it had reached an agreement to acquire Elmet Technologies, Inc., a company which provides innovative refractory metal solutions to OEMs serving such industries as data storage, semiconductor, medical, electronics and lighting. The common shares and warrants last traded at $5.41 and $.25, respectively, giving the units, which last traded at $5.88, a value of $5.91. The units were originally priced at $6.00. |
