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

To: Glenn Petersen who wrote (585)	11/23/2006 6:42:03 PM
From: Glenn Petersen	Respond to of 3862

Marathon Acquisition Corp. has announced that its underwriter has exercised a portion of its over-allotment option and purchased an additional 2,535,850 units. A total of 40,035,850 units were sold to the public. The total gross proceeds raised in the IPO were $320,286,800. The balance placed in the trust account is $308,900,788, equal to $7.72 per share. This balance includes $6.4 million in fees that have been deferred by the underwriter and $5.5 million that was raised through the sale of warrants to certain of the insiders. In the event that the company is liquidated, neither the underwriter nor the insiders purchasing the warrants will receive any of the funds placed into the escrow account. sec.gov