SUMMARY INFORMATION - OPEN DEALS - MAY 22, 2009
Middle Kingdom Alliance Corp.
Date of offering: December 14, 2006
Gross proceeds raised in offering: $29,164,040
Deadline for acquisition close:
Date of deal announcement: September 5, 2008
Number of days prior to announcement: 631
Price per Class A share (MKGD): $1.01
Price per Class B share (MKGBB): $7.60
Price per Class A warrant (MKGDW): $0.51
Price per Class B warrant (MKGBW): $0.23
Strike price: $5.00
Price per Class A unit (MKGDU): $8.00
Price per Class B unit (MKGBU): $7.50
IPO price per Class A unit: $8.00
IPO price per Class B unit: $8.00
Original deal: Each Series A unit consists of one share of common stock and
five warrants; each Series B unit consists of one share of Series B common
stock and one redeemable Series B warrant
Acquisition focus: China
Percentage of non-insider shares that can block an acquisition: 20%
Expiration date for warrants: December 13, 2013
Performance since IPO: -2.13%
Nasdaq Composite: -31.05%
Cash in escrow account: $25,918,923
Reporting date for escrow account: December 31, 2008
Cash per share Class B: $7.58
SEC filings: sec.gov
Pantheon China Acquisition Corp.
Date of offering: December 14, 2006
Gross proceeds raised in offering: $34,500,000
Deadline for acquisition close: September 30, 2009
Date of deal announcement: November 11, 2008
Number of days prior to announcement: 696
Price per share (PCQC): $5.85
Price per warrant (PCQCW): $0.60
Strike price: $5.00
Price per unit (PCQCU): $6.50
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: China
Percentage of non-insider shares that can block an acquisition: 40% (amended from 20%)
Expiration date for warrants: December 13, 2010
Performance since IPO: 17.50%
Nasdaq Composite: -31.05%
Cash in escrow account: $28,839,727
Reporting date for escrow account: December 31, 2008
Cash per share: $5.98
SEC filings: sec.gov
Shermen WSC Acquisition Corp.
Date of offering: May 24, 2007
Deadline for acquisition: November 24, 2008
Gross proceeds raised in offering: $138 million
Date of deal announcement: November 26, 2008
Number of days prior to announcement: 551
Price per share (SACQ): $5.98
Price per warrant (SACQW): $0.20
Strike price: $5.00
Price per unit (SACQU): $6.01
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Agricultural industry
Percentage of non-insider shares that can block an acquisition: 40%
Expiration date for warrants: May 24, 2011
Performance since IPO: 6.33%
Nasdaq Composite: -33.33%
Cash in escrow account: $137,973,055
Reporting date for escrow account: March 31, 2009
Cash per share: $6.00
SEC filings: sec.gov
Stoneleigh Partners Acquisition Corp.
Date of offering: June 1, 2007
Gross proceeds raised in offering: $138 million
Date of deal announcement: November 26, 2008
Number of days prior to announcement: 551
Price per share (SOC): $7.90
Price per warrant (SOC-WT): $0.00
Strike price: $5.50
Price per unit (SOC-U): $7.70
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Real estate or physical assets
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: May 31, 2011
Performance since IPO: -1.25%
Nasdaq Composite: -35.27%
Cash in escrow account: $224,014,838
Reporting date for escrow account: January 31, 2009
Cash per share: $8.04
SEC filings: sec.gov
Advanced Technology Acquisition Corp.
Date of offering: June 18, 2007
Gross proceeds raised in offering: $172,500,000
Date of deal announcement: December 22, 2008
Number of days prior to announcement: 553
Price per share (AXC): $8.00
Price per warrant (AXC-WT): $0.00
Strike price: $6.00
Price per unit (AXC-U): $7.89
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Technology (Israel)
Percentage of non-insider shares that can block an acquisition: 20%
Expiration date for warrants: June 18, 2011
Performance since IPO: 0.01%
Nasdaq Composite: -35.58%
Cash in escrow account: $173,983,406
Reporting date for escrow account: March 31, 2009
Cash per share: $8.07
SEC filings: sec.gov
China Discovery Acquisition Corporation
Date of offering: June 21, 2007
Gross proceeds raised in offering: $34,500,000
Date of deal announcement: April 14, 2009
Number of days prior to announcement: 663
Price per share (CADQ): $5.82
Price per warrant (CADWE): $0.15
Strike price: $5.00
Price per unit (CADUE): $6.00
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: China
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: June 17, 2011
Performance since IPO: 2.00%
Nasdaq Composite: -35.34%
Cash in escrow account: $34,111,596
Reporting date for escrow account: September 30, 2008
Cash per share: $5.93
SEC filings: sec.gov
GSC Acquisition Co.
Date of offering: June 26, 2007
Deadline for acquisition: December 26, 2008
Gross proceeds raised in offering: $207,000,000
Date of deal annoucement: May 8, 2008
Number of days prior to announcement: 317
Price per share (GGA): $9.78
Price per warrant (GGA-WT): $0.00
Strike price: $6.00
Price per unit (GGA-U): $9.70
IPO price per unit: $10.00
Original deal: One common share and one warrant
Acquisition focus: Not specific to one industry
Percentage of non-insider shares that can block an acquisition: 20%
Expiration date for warrants: June 25, 2011
Performance since IPO: -2.19%
Nasdaq Composite: -35.06%
Cash in escrow account: $203,351,444
Reporting date for escrow account: March 31, 2009
Cash per share: $9.82
SEC filings: sec.gov
Alyst Acquisition Corp.
Date of offering: June 29, 2007
Deadline for acquisition: June 29, 2009
Gross proceeds raised in offering: $64,352,000
Date of deal announcement: August 18, 2008
Number of days prior to announcement: 416
Price per share (AYA): $7.80
Price per warrant (AYA-WT): $0.03
Strike price: $5.00
Price per unit (AYA-U): $7.70
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Telecommunications
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: June 28, 2011
Performance since IPO: -2.13%
Nasdaq Composite: -35.00%
Cash in escrow account: $63,267,192
Reporting date for escrow account: March 31, 2009
Cash per share: $7.87
SEC filings: sec.gov
KBL Healthcare Acquisition Corp. III
Date of offering: July 23, 2007
Gross proceeds raised in offering: $138,000,000
Date of deal announcement: March 16, 2009
Number of days prior to announcement: 602
Price per share (KHA): $7.75
Price per warrant (KHA-WT): $0.30
Strike price: $6.00
Price per unit (KHA-U): $7.85
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: 30%
Expiration date for warrants: July 18, 2011
Performance since IPO: 0.63%
Nasdaq Composite: -37.04%
Cash in escrow account: $135,388,509
Reporting date for escrow account: March 31, 2009
Cash per share: $7.85
SEC filings: sec.gov
Alternative Asset Management (formerly Hanover-STC Acquisition Corp.)
Date of offering: August 3, 2007
Gross proceeds raised in offering: $414,000,000
Date of first deal announcement: March 13, 2008
Number of days prior to announcement: 223
Date of first deal termination: June 23, 2008
Date of second deal announcement: May 14, 2009
Price per share (AMV): $9.71
Price per warrant (AMV-WT): $0.09
Strike price: $7.50
Price per unit (AMV-U): $9.75
IPO price per unit: $10.00
Original deal: One common share and one warrant
Acquisition focus: Alternative asset management
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: August 1, 2012
Performance since IPO: -2.00%
Nasdaq Composite: -34.32%
Cash per share: $9.84
Cash in escrow account: $407,571,636
Reporting date for escrow account: March 31, 2009
SEC filings: sec.gov
InterAmerican Acquisition Group, Inc.
Date of offering: September 10, 2007
Deadline for acquisition: March 11, 2009
Gross proceeds raised in offering: $46,000,000
Date of deal announcement: May 18, 2008
Number of days prior to announcement: 252
Price per share (IAQG): $7.55
Price per warrant (IAQGW): $0.15
Strike price: $5.00
Price per unit (IAQGU): $7.50
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Mexico and Latin America
Percentage of non-insider shares that can block an acquisition: 20%
Expiration date for warrants: September 4, 2011
Performance since IPO: -3.75%
Nasdaq Composite: -34.05%
Cash in escrow account: $45,178,115
Reporting date for escrow account: March 31, 2009
Cash per share: $7.86
SEC filings: sec.gov
Hicks Acquisition Company I, Inc.
Date of offering: October 3, 2007
Deadline for acquisition: October 3, 2009
Gross proceeds raised in offering: $552,000,000
Date of deal announcement: June 30, 2008
Number of days prior to announcement: 271
Price per share (TOH): $9.51
Price per warrant (TOH-WT): $0.10
Strike price: $7.50
Price per unit (YOH-U): $9.50
IPO price per unit: $10.00
Original deal: One common share and one warrant
Acquisition focus: None
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: September 28, 2011
Performance since IPO: -3.90%
Nasdaq Composite: -38.41%
Cash in escrow account: $540,082,964
Reporting date for escrow account: March 31, 2009
Cash per share: $9.78
SEC filings: sec.gov
Inter-Atlantic Financial, Inc.
Date of offering: October 9, 2007
Gross proceeds raised in offering: $68,882,400
Date of deal announcement: April 24, 2009
Number of days prior to announcement: 563
Price per share (IAN): $7.74
Price per warrant (IAN-WT): $0.08
Strike price: $4.50
Price per unit (IAN-U): $7.71
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Financial services
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: October 2, 2011
Performance since IPO: -2.25%
Nasdaq Composite: -39.30%
Cash in escrow account: $69,525,419
Reporting date for escrow account: December 31, 2008
Cash per share: $8.07
SEC filings: sec.gov
TM Entertainment and Media, Inc.
Date of offering: October 18, 2007
Gross proceeds raised in offering: $82,040,000
Date of deal announcement: May 4, 2009
Number of days prior to announcement: 564
Price per share (TMI): $7.72
Price per warrant (TMI-WT): $0.10
Strike price: $5.50
Price per unit (TMI-U): $7.61
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Entertainment and media
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: October 17, 2011
Performance since IPO: -2.25%
Nasdaq Composite: -39.41%
Cash in escrow account: $81,119,299
Reporting date for escrow account: December 31, 2008
Cash per share: $7.91
SEC filings: sec.gov
2020 ChinaCap Acquirco, Inc.
Date of offering: November 9, 2007
Gross proceeds raised in offering: $69,000,000
Date of deal announcement: May 11, 2009
Number of days prior to announcement: 549
Price per share (TTY): $7.74
Price per warrant (TTY-WT): $0.16
Strike price: $5.25
Price per unit (TTY-U): $7.99
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: China
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: November 8, 2011
Performance since IPO: -1.25%
Nasdaq Composite: -37.24%
Cash in escrow account: $68,533,339
Reporting date for escrow account: December 31, 2008
Cash per share: $7.95
SEC filings: sec.gov
China Holdings Acquisition Corp.
Date of offering: November 16, 2007
Gross proceeds raised in offering; $128,000,000
Date of deal announcement: July 21, 2008
Number of days prior to announcement: 249
Price per share (HOL): $9.50
Price per warrant (HOL-WT): $0.04
Strike price: $7.50
Price per unit (HOL-U): $9.35
IPO price per unit: $10.00
Original deal: One common share and one warrant
Acquisition focus: China
Percentage of non-insider shares that can block an acquisition: 33 1/3%
Expiration date for warrants: November 16, 2012
Performance since IPO: -4.60%
Nasdaq Composite: -35.38%
Cash in escrow account: $125,336,241
Reporting date for escrow account: December 31, 2008
Cash per share: $9.79
SEC filings: sec.gov
Ideation Acquisition Corp.
Date of offering: November 21, 2007
Gross proceeds raised in offering; $80,000,000
Date of deal announcement: April 1, 2009
Number of days prior to announcement: 497
Price per share (IDI): $7.68
Price per warrant (IDI-WT): $0.50
Strike price: $6.00
Price per unit (IDI-U): $8.03
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Digital media
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date for warrants: November 19, 2011
Performance since IPO: 2.25%
Nasdaq Composite: -34.84%
Cash in escrow account: $78,815,000
Reporting date for escrow account: December 31, 2008
Cash per share: $7.88
SEC filings: sec.gov
Asia Special Situation Acquisition Corp.
Date of offering: January 17, 2008
Gross proceeds raised in offering: $115,000,000
Date of deal announcement: December 17, 2008
Number of days prior to announcement: 335
Price per share (CIO): $9.54
Price per warrant (CIO-WT): $0.30
Strike price: $7.50
Price per unit (CIO-U): $9.70
IPO price per unit: $10.00
Original deal: One common share and one warrant
Acquisition focus: Asia (most specifically China)
Percentage of non-insider shares that can block an acquisition: 35%
Expiration date of warrants: January 16, 2012
Performance since IPO: -1.60%
Nasdaq Composite: -29.34%
Cash in escrow account: $115,000,000
Reporting date for escrow account: December 31, 2008
Cash per share: $10.00
SEC filings: sec.gov
GHL Acquisition Corp.
Date of offering: February 19, 2008
Gross proceeds raised in offering: $400,000,000
Date of deal announcement: September 23, 2008
Number of days prior to announcement: 217
Price per share (GHQ): $9.69
Price per warrant (GHQ-WT): $0.52
Strike price: $7.00
Price per unit (GHQ-U): $10.05
IPO price per unit: $10.00
Original deal: One common share and one warrant
Acquisition focus: None
Percentage of non-insider shares that can block an acquisition: 30%
Expiration date of warrants: February 14, 2013
Performance since IPO: 2.10%
Nasdaq Composite: -27.13%
Cash in escrow account: $401,838,534
Reporting date for escrow account: December 31, 2008
Cash per share: $10.05
SEC filings: sec.gov
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