Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Glenn Petersen who wrote (456)	4/11/2006 10:07:49 PM
From: Glenn Petersen	Respond to of 3862

Phoenix India Acquisition Corp. has announced that its underwriter has exercised the entire over-allotment option and purchased an additional 923,437 units, bringing the total number of units sold in the offering to 7,173,437, which includes 93,750 units sold to certain of the insiders prior to the offering. The total gross proceeds raised in the IPO were $57,387,496. The balance placed in the trust account is $54,913,371, equal to $7.76 per share. The balance placed into the trust account includes $2,265,000 of fees that the underwriter has agreed to defer until the company completes an acquisition, as well as $750,000 from the sale of units to certain of the insiders. In the event that the company liquidates, neither the underwriter nor the insiders will receive any of the proceeds. sec.gov

To: Glenn Petersen who wrote (456)	10/5/2007 3:52:29 PM
From: RockyBalboa	Read Replies (3) \| Respond to of 3862

PXIA Each unit consists on one share of common stock and one warrant to purchase one additional share at $6.00 per share. Interesting. Per the filing, the strike of the warrants is $5. Phoenix India Acquisition Corp. filed on 03/31/2006 As filed pursuant to Rule 424(b)3 Registration No. 333-128008 PROSPECTUS $49,250,000 Phoenix India Acquisition Corp. 6,156,250 Units Phoenix India Acquisition Corp. is a blank check company recently formed for the purpose of acquiring, through merger, capital stock exchange, asset acquisition or other similar business combination, one or more unidentified operating businesses in the information technology, information technology enabled services or information technology enabled product industries (IT/ITES/ITEP) including companies in the knowledge process outsourcing, or KPO, and business process outsourcing, or BPO, sectors in India. This is an initial public offering of our securities. Each unit will be offered at a price of $8.00 per unit and will consist of: One share of our common stock; and One warrant. Each warrant entitles the holder to purchase one share of our common stock at a price of $5.00. Each warrant will become exercisable on the later of our completion of a business combination or March 30, 2007, and will expire on March 30, 2011, or earlier upon redemption. Note 2 - Offerings Public Offering On April 5, 2006, the Company sold 6,156,250 units to the public at a price of $8.00 per unit. Each unit consists of one share of the Company’s common stock, $0.0001 par value, and one redeemable common stock purchase warrant (“warrant”). Each warrant entitles the holder to purchase from the Company one share of common stock at an exercise price of $5.00 commencing the later of the completion of a business combination with a target business or March 30, 2007 and expiring March 30, 2011. The underwriters were granted an option to purchase an additional 923,437 units within 45 days of the effective date of the registration statement to cover any over-allotments. The underwriters exercised the option with respect to 923,437 units on April 5, 2006 and were issued such units on April 5, 2006. The warrants are redeemable at a price of $.01 per warrant upon 30 days notice after the warrants become exercisable, only in the event that the last sale price of the common stock is at least $11.50 per share for any 20 trading days within a 30 trading day period ending three business days before we send the notice of redemption. -8- -------------------------------------------------------------------------------- Private Placement On March 30, 2006, the Company sold to its officers and directors an aggregate of 93,750 units identical to the units sold in the Public Offering at a price of $8.00 per unit. Note 3 - Notes payable to stockholders