Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: Rollcast... who wrote (919)	3/29/2007 12:11:48 PM
From: Glenn Petersen	Read Replies (1) of 3862

The excitement is over. The deal got approved. Coconut Palm Acquisition Corp. Announces Stockholder Approval of Merger With Equity Broadcasting Corporation Thursday March 29, 11:53 am ET BOCA RATON, Fla., March 29 /PRNewswire-FirstCall/ -- Coconut Palm Acquisition Corp. (OTC Bulletin Board: CNUT - News) announced today that at a special meeting of its stockholders the stockholders approved the proposal for the merger between the Company and Equity Broadcasting Corporation (EBC), along with all the proposals related to the merger. The majority of the holders of the Company's common stock issued in connection with its initial public offering approved the merger and all the related merger proposals, while the stockholders representing approximately 1,908,911 shares of the Company's common stock elected to convert their shares to cash in accordance with the terms of the Company's governing documents. The Company intends to change its name to Equity Media Holdings Corporation. or a similar name, and will seek a NASDAQ listing following EBC's meeting of shareholders, scheduled to be held on March 30, 2007 at 10:00 a.m. (Central Time). <snip> biz.yahoo.com

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