SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?


To: chuckmicro who wrote (421)3/12/2006 7:55:20 AM
From: Glenn Petersen  Respond to of 3862
 
Chuck,

According to the final prospectus, the exercise price is $5.00.

Exercise price $5.00

The exercise price and number of units issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or our recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of common stock at a price below the exercise price of the warrants included in the option.


sec.gov

The only Grubb & Ellis press release related to the offering that I could find was dated March 3 and there no mention of the exercse price. Is it possible that you saw another price in one of the articles about the offering?

sec.gov

Given the large number of offerings, I have made the occasional typo, though not this time. I am sure that there will be others in the future. Thanks for checking. I'm happy that you find the board useful.

Glenn