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


To: Glenn Petersen who wrote (347)2/4/2006 11:51:01 AM
From: Glenn Petersen  Respond to of 3862
 
Highbury Financial, Inc. has announced that its underwriter exercised a portion of its over-allotment option and purchased an additional 1,010,000 units, bringing the total number of units sold in the offering to 7,910,000. This includes the 166,667 units that were sold to insiders prior to the completion of the offering. The total gross proceeds raised in the IPO and private placement were $47,640,000, of which $43,289,567 equal to $5.59 per share, was placed into a trust account. The per share calculation does not include the 166,667 shares purchased by the insiders, who do not have a claim on any of the cash in the event of a liquidation.

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