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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (300)	3/4/2006 1:08:22 AM
From: Glenn Petersen	Respond to of 3862

Oracle Healthcare Acquisition Corp. completed its IPO yesterday, selling 15,000,000 units at $8.00 per unit. The gross proceeds totaled $120 million, down slightly from the $125 million that the company was looking to raise when it filed its initial S-1 at the end of September. Prior to the offering, two of the insiders purchased a total of 833,334 warrants from the company at a price of $1.20 per warrant. A total of $115,900,000, equal to $7.73 per share, has been placed into the trust account. This balance includes $2.4 million of fees that the underwriter has agreed to defer until the company completes an acquisition, as well as $1.0 million in proceeds from the sale of the warrants that were purchased by the insiders prior to the IPO. Each unit consists on one share of common stock and one warrant to purchase an additional share at $6.00 per share. Oracle Healthcare Acquisition Corp. is going to focus its efforts on acquiring an operating entity in the healthcare industry. There is no word yet as to whether or not the underwriter has exercised its over-allotment option. The securities will be listed on the OTC Bulletin Board. The units (OHAQ.OB) began trading today and closed at $8.50. The common shares (OHAQ.OB) and warrants (OHAQ-OB) will begin trading separately at a later date. The final prospectus sec.gov