SUMMARY INFORMATION - LIQUIDATED COMPANIES (EXTENDED EXISTENCE) - DECEMBER 11, 2009
Good Harbor Partners Acquisition Corp.
Date of offering: March 10, 2006
Gross proceeds raised in offering: $58,316,500
Date of deal announcement: September 14, 2007
Numer of days prior to announcement: 554
Date of liquidation announcement: November 15, 2007
Price per share (GHBAA): $0.01
Price per Class Z warrant (GHBAW): $0.00
Price per Class W warrant (GHBAZ): $0.00
Strike price: $5.00
Price per Series A unit (GHBAU): $0.03
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: On February 7, 2008, $5.36 was distributed to each of the Class B shareholders and all of the Class B shares have been cancelled.
The company (now a shell) continues to search for an acquisition.
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 announcement: 583
Date of liquidation announcement: March 4, 2008
Price per share (PXIA): $0.01
Price per warrant (PXIAW): $0.00
Strike price: $5.00
Price per unit (PXIAU): $0.01
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: On April 21, 2008, the company distributed $8.03 per share to the non-insider shareholders. The company continued its corporate existence
and attempted to raise funding to close on its previously announced acquisition. On December 9, 2008, the company terminated its SEC reporting requirements.
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 (JKAK): $0.01
Price per warrant (JKAK-WT): $0.00
Strike price: $5.00
Price per unit (JKAK-U): $0.01
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: In June 2008, the company distributed $6.14 per share to the non-insider shareholders. The company has continued its corporate existence as a shell.
SEC filings: sec.gov
SouthPeak Interactive Corporation (formerly Global Services Partners Acquisition Corp.)
Date of offering: April 20, 2006
Gross proceeds raised in offering: $34,109,000
Date of deal announcement: October 24, 2007
Number of days prior to announcement: 552
Date of liquidation announcement: April 25, 2008
Price per Class A share (SOPK) $0.38
Price per Class B share (GSPAB)
Price per warrant (SOPKW) $0.00
Price per warrant (SOPKZ) $0.02
Strike price: $5.00
IPO price per Class A unit: $8.50
IPO price per Class B unit: $10.10
Original deal: Class A - two shares of Class A stock and ten
warrants; Class B - two shares of Class B stock and two warrants
Acquisition focus: Business services
Percentage of non-insider shares that can block an acquisition: 20%
Comments: In May 2008, the company distributed $5.36 per share to its Class B shareholders; the company subsequently acquired SouthPeak Interactive.
SEC filings: sec.gov
Ascend Acquisition Corp.
Date of offering: May 12, 2006
Gross proceeds raised in offering: $41,400,000
Date of deal announcement: July 31, 2007
Number of days prior to announcement: 446
Date of liquidation announcement: April 28, 2008
Price per share (ASCQ): $0.02
Price per warrant (ASCW): $0.00
Strike price: $5.00
Price per unit (ASACU): $0.10
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Manufacturing, service or distribution industries
Percentage of non-insider shares that can block an acquisition: 20%
Comments: On September 18, 2008, the company distributed $5.98 to the non-insider shareholders. The company still exists as a shell.
SEC filings: sec.gov
Affinity Media International Corp.
Date of offering: June 6, 2006
Gross proceeds raised in offering: $20,475,000
Date of deal announcement: July 25, 2007
Number of days prior to announcement: 418
Date of liquidation announcement: June 10, 2008
Price per share (AFMI): $-
Price per warrant (AFMIW): $-
Strike price: $5.00
Price per unit (AFMIU): $-
IPO price per unit: $6.00
Original deal: One common share and two warrants
Acquisition focus: Publishing industry
Percentage of non-insider shares that can block an acquisition: 27.26%
Comments: On October 17, 2008, the company distributed $6.00 per share to the non-insider shareholders. The company has continued its existence as a shell.
The company terminated its SEC registration on March 30, 2009
SEC filings: sec.gov
Israel Growth Partners Acquisition Corp.
Date of offering: July 19, 2006
Gross proceeds raised in offering: $56,218,050
Date of deal announcement: January 14, 2008
Number of days prior to announcement: 544
Date of liquidation announcement: July 18, 2008
Price per Class A share (IGPAA): $0.06
Price per Class B share (IGPAB): $-
Price per warrant (IGPAW): $0.00
Price per warrant (IGPAZ): $0.10
Strike price: $5.00
IPO price per Class A unit: $8.50
IPO price per Class B unit: $10.10
Original deal: Class A - two shares of Class A stock and ten
warrants; Class B - two shares of Class B stock and two warrants
Acquisition focus: Israel
Percentage of non-insider shares that can block an acquisition: 20%
Comments: The company has distributed $5.40 per share to the Class B shareholders and continued its existence as a corporate shell.
SEC filings: sec.gov
Santa Monica Media Corporation
Date of offering: March 28, 2007
Gross proceed raised in offering: $100,000,000
Deadline for acquisition: September 28, 2008
Date of liquidation announcement: March 12, 2009
Price per share (MEJ): $-
Price per warrant (MEJ-WT): $-
Strike price: $6.00
Price per unit (MEJ-U): $-
IPO price per unit: $8.00
Original deal: One common share and one warrant
Acquisition focus: Media, gaming and entertainment industries
Percentage of non-insider shares that can block an acquisition: 20%
Comments: In August 2009, the company distributed approximately $8.05 per share to the non-insider shareholders.
The company has continued its existence as a shell.
SEC filings: sec.gov
Pinpoint Advance Corp.
Date of offering: April 20, 2007
Gross proceeds raised in offering: $28,750,000
Date of liquidation announcement: October 27, 2008
Price per share (PPAC): $-
Price per warrant (PPACW): $-
Strike price: $7.50
Price per unit (PPACU): $-
IPO price per unit: $10.00
Original deal: One common share and one warrant
Expiration date for warrants: April 19, 2011
Acquisition focus: Technology (Israel)
Percentage of non-insider shares that can block an acquisition: 20%
Comments: On May 18, 2009, the company distributed $9.91 per share to the non-insiders and continued the company's existence as a shell.
SEC filings: sec.gov
China Healthcare Acquisition
Date of offering: April 23, 2007
Gross proceeds from offering: $58,509,330
Date of deal announcement: August 6, 2008
Number of days prior to announcement: 471
Date of deal termination: November 13, 2008
Date of liquidation annoucement: December 24, 2008
Price per share (CHM): $-
Price per warrant (CHM-WT): $-
Strike price: $5.00
Price per unit (CHM-U): $-
IPO price per unit: $6.00
Original deal: One common share and two warrants
Expiration date for warrants: April 18, 2012
Acquisition focus: China healthcare
Percentage of non-insider shares that can block an acquisition: 20%
Comments: On March 10, 2009, the company distributed $5.89 per share to the non-insiders and continued its existence as a shell.
SEC filings: sec.gov
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