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

To: Glenn Petersen who wrote (400)	3/12/2006 2:22:07 AM
From: chuckmicro	Read Replies (1) \| Respond to of 3862

Hi Glen, Question on the Grubb & Ellis Reality IPO. The 2/28/06 release stated the exercise price of the warrants was $6.00. However, the 2/24/06 summary information you listed gave the exercise price as $5.00. The $5.00 exercise price is more in line with the general practice of these IPO's. I have been unable to verify which price is correct. Would appreciate it if you could find out. And I want to thank you, thank you, thank you for all the work you have done on providing us with this wonderful information on the Blank Check Companies. Chuck

To: Glenn Petersen who wrote (400)	3/12/2006 1:46:09 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Grubb & Ellis Realty Advisors, Inc. has announced that its underwriter exercised the entire over-allotment option and purchased an additional 3,125,000 units, bringing the total number of units sold in the offering to 23,958,334. The total gross proceeds raised in the IPO were $143,750,004, of which $137,500,004, equal to $5.74 per share, was placed into a trust account. The balance placed into the trust account includes $2,675,000 of fees that the underwriter has agreed to defer until the company completes an acquisition, as well as $2.5 million in proceeds from the sale of the 5,876,069 shares that were purchased by the insiders (at $.43 per share) at the inception of the company. sec.gov