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

To: Glenn Petersen who wrote (492)	6/3/2006 3:05:54 PM
From: Glenn Petersen	Respond to of 3862

Harbor Acquisition Corporation has announced that its underwriter has exercised the entire over-allotment option and purchased an additional 1,800,000 units. The total gross proceeds raised in the IPO were $82,800,000. The balance placed in the trust account is $79,460,000, equal to $5.76 per share. The balance placed into the trust account includes $1,620,000 of fees that the underwriter has agreed to defer until the company completes an acquisition, as well as $1,300,000 from the sale of warrants 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