SUMMARY INFORMATION - LIQUIDATED COMPANIES - MARCH 28, 2008
China Mineral Acquisition Corporation
Date of offering: August 30, 2004
Gross proceeds raised in offering: $24,000,000
Date of deal announcement: February 23, 2006
Number of days prior to annoucement: 541
Date of liquidation announcement: November 29, 2006
Price per share (CMAQ): $-
Price per warrant (CMAQW): $-
Strike price: $5.00
Price per unit (CMAQU): $-
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Mineral industry in China
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The company is delinquent in its SEC filings. Presumably, the company has been liquidated.
SEC filings: sec.gov
Millstream II Acquisition Corp.
Date of offering: December 23, 2004
Gross proceeds raised in offering: $27,600,000
Date of deal announcement: June 12, 2006
Number of days prior to announcement: 536
Date of liquidation announcement: April 17, 2007
Price per share (MSMA): $-
Price per warrant (MSMAW): $-
Strike price: $5.00
Price per unit (MSMAU): $-
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: None
Percentage of non-insider shares that can block an acquisition: 20%
Comments: On April 17, 2007, the company announced that the liquidation had been approved.
SEC filings: sec.gov
Coastal Bancshares Acquisition Corp.
Date of offering: February 14, 2005
Gross proceeds raised in offering: $33,120,000
Date of deal announcement: April 7, 2006
Number of days prior to announcement: 417
Date of liquidation announcement: October 26, 2006
Price per share (CBAS): $-
Price per warrant (CBASW): $-
Strike price: $5.00
Price per unit (CBASU): $-
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Banking industry
Percentage of non-insider shares that can block an acquisition: 20%
Coments: In March 2007, $5.50 per share was distributed and the registration terminated
SEC filings: sec.gov
TAC Acquisition Corp.
Date of offering: June 29, 2005
Gross proceeds raised in offering: $132,000,000
Date of deal announcement: June 12, 2006
Number of days prior to announcement: 346
Date of liquidation announcement: December 29, 2007
Price per share (TACA): $-
Price per warrant (TACAW): $-
Strike price: $5.00
Price per unit (TACAU): $-
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Technology related
Percentage of non-insider shares that can block an acquisition: 20%
Comments: In February 2007, $5.6941 per share was distributed.
SEC filings: sec.gov
Cold Spring Capital, Inc.
Date of offering: November 11, 2005
Gross proceeds raised in offering: $120,000,000
Date of deal announcement: November 3, 2006
Number of days prior to announcement: 357
Date of liquidation announcement: February 14, 2007
Price per share (CDS): $-
Price per warrant (CDSW): $-
Strike price: $5.00
Price per unit (CDSU): $-
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Financial or real estate assets
Percentage of non-insider shares that can block an acquisition: 20%
Comments: On May 10, 2007, the company made a $5.74 per share distribution to the non-insider shareholders.
SEC filings: sec.gov
Key Hospitality Acquisition Corporation
Date of offering: October 24, 2005
Gross proceeds raised in offering: $51,600,000
Date of deal announcement: March 27, 2007
Number of days prior to announcement: 519
Date of liquidation announcement: October 3, 2007
Strike price: $6.00
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Hospitality industry
Percentage of non-insider shares that can block an acquisition: 20%
Comments: On December 11, 2007, the shareholders approved the distribution of $7.6876 per share.
SEC filings: sec.gov
Grubb & Ellis Realty Advisors, Inc.
Date of offering: February 27, 2006
Gross proceeds raised in offering: $143,750,004
Date of deal announcement: June 18, 2007
Number of days prior to announcement: 477
Date of liquidation announcement: February 28, 2008
Price per share (GAV): $6.02
Price per warrant (GAV-W): $0.00
Strike price: $5.00
Price per unit (GAV-U): $6.00
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Real estate
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The shareholder meeting to vote on the liquidation of the company has been scheduled for April 14, 2008
Cash in escrow account: $145,800,000
Reporting date for escrow account: March 10, 2008
Cash per share: $6.09
SEC filings: sec.gov
Oracle Healthcare Acquisition Corp.
Date of offering: March 2, 2006
Gross proceeds raised in offering: $120,000,000
Date of deal announcement: September 8, 2007 and December 4, 2007
Number of days prior to announcement: 555 and 642
Date of liquidation announcement: March 4, 2008
Price per share (OHAQ): $7.91
Price per warrant (OHAQW): $0.01
Strike price: $6.00
Price per unit (OHAQU): $7.90
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Healthcare
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The company failed to close on two separate transactions.
Cash in escrow account: $119,971,851
Reporting date for escrow account: December 31, 2007
Cash per share: $8.00
SEC filings: sec.gov
Good Harbor Partners Acquisition Corp.
Date of offering: March 10, 2006
Gross proceeds raised in offerinjg: $58,316,500
Date of deal announcement: September 14, 2007
Numer of days prior to announement: 554
Date of liquidation announcement: November 15, 2007
Price per share: $0.38
Price per Class Z warrant $0.01
Price per Class W warrant: $0.04
Strike price: $5.00
Price per Series A unit (GHBAU): $0.80
IPO price per Series A unit: $8.50
IPO price per Series B unit: $10.10
Original deal: Series A: Two common shares and ten Class Z warrants:
Series B: Two Series B shares and two Class W warrants
Acquisition focus: Security industry
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The shareholders were scheduled to vote on the dissolution of the company on January 18, 2008
Cash in escrow account: $56,517,309
Reporting date for escrow account: December 31, 2007
Cash per share: $5.34
SEC filings: sec.gov
North American Insurance Leaders Inc.
Date of offering: March 23, 2006
Gross proceeds raised in offering: $115,000,000
Date of deal announcement: August 10, 2007
Number of days prior to announcement: 506
Date of liquidation announcement: March 24, 2008
Price per share (NAO): $7.88
Price per warrant (NAO-W): $0.01
Strike price: $6.00
Price per unit $7.80
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Insurance
Percentage of non-insider shares that can block an acquisition: 20%
Comments: None
Cash in escrow account: $114,558,047
Reporting date for escrow account: December 31, 2007
Cash per share: $7.97
SEC filings: sec.gov
Phoenix India Acquisition Corp.
Date of offering: March 31, 2006
Gross proceeds raised in offering: $57,387,496
Date of deal announcement: October 4, 2007
Number of days prior to announcementt: 583
Date of liquidation announcement: March 4, 2008
Price per share (PXIA): $7.95
Price per warrant (PXIAW): $0.03
Strike price: $5.00
Price per unit (PXIAU): $7.96
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Information technology (India)
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The company is going to attempt to close on the acquisition with new funding; a shareholder meeting has been scheduled for April 8, 2008
Cash in escrow account: $57,715,997
Reporting date for escrow account: December 31, 2007
Cash per share: $8.15
SEC filings: sec.gov
JK Acquisition Corp.
Date of offering: April 11, 2006
Gross proceeds raised in offering: $81,350,004
Date of deal announcement: September 7, 2006
Number of days prior to announcement: 149
Date of liquidation announcement: January 31, 2008
Price per share (JKA): $6.00
Price per warrant (JKA-WT): $0.00
Strike price: $5.00
Price per unit (JKA-U): $5.82
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Manufacturing, distribution or services in the U.S.
Percentage of non-insider shares that can block an acquisition: 20%
Comments: None
Cash in escrow account: $79,721,079
Reporting date for escrow account: September 30, 2007
Cash per share: $6.03
SEC filings: sec.gov
Harbor Acquisition Corporation
Date of offering: April 26, 2006
Gross proceeds raised in offering: $82,800,000
Date of deal announcement: October 18, 2006
Number of days prior to announcement: 175
Date of liquidation announcement: February 8, 2008
Price per share (HAC): $5.89
Price per warrant (HAC-WT): $0.00
Strike price: $5.00
Price per unit (HAC-U): $5.83
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Consumer and industrial products
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The shareholders are scheduled to vote on the dissolution of the company on April 10, 2008
Cash in escrow account: $81,400,000
Reporting date for escrow account: February 29, 2008
Cash per share: $5.90
SEC filings: sec.gov
H D Partners Acquisition Corporation
Date of offering: June 2, 2006
Gross proceeds raised in offering: $150,000,000
Date of deal announcement: May 30, 2007
Number of days prior to announcement: 362
Date of liquidation announcement: January 24, 2008
Price per share (HDP): $7.95
Price per warrant (HDP-WT): $0.01
Strike price: $5.50
Price per unit (HDP-U): $7.87
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Media, entertainment, telecommunications
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The shareholders are scheduled to vote on the dissolution of the company on April 7, 2008
Cash in escrow account: $148,088,052
Reporting date for escrow account: January 31, 2008
Cash per share: $7.90
SEC filings: sec.gov |
