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

To: Glenn Petersen who wrote (616)	9/24/2006 5:05:16 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 3862

There is also a S-1 Amendment for another company, Pantheon China Acquisition Corp, originally filed Aug 14. Pantheon China Acquisition Corp – STILL IN REGISTRATION Number of units being offered: 5,000,000 Proposed price per unit: $6.00 Terms of deal: One share of common stock and 2 warrants to purchase one additional share of common stock at $5.00 per share. Underwriter: EarlyBirdCapital, Inc. Proposed ticker symbols Common stock: Not known Warrants: Not known Units: Not known Common shares to be outstanding subsequent to IPO: 6,250,000 Shares to be held by public shareholders: 5,000,000 Shares held by insiders: 1,250,000 Percentage held by public shareholders: 80.00% Gross proceeds being raised: $30 million Net proceeds to be held in escrow: $28.450 million (includes $0.300 million of offering costs deferred by the underwriter and $1.250 million from the sale of warrants to certain of the insiders) Escrowed proceeds per share applicable to future public shareholders: $5.69 Date of IPO: N/A Date of original filing: August 14, 2006 Current stock price Common stock: N/A Warrants: N/A Units: N/A Insider shares: 1,250,000 shares purchased at $.02 per share. Total proceeds: $25,000. Restrictions on insider shares: The common shares shall remain in escrow until one year after the consummation of an acquisition. Other insider requirements: Certain of the insiders have agreed to purchase 2,083,334 warrants at $0.60 per warrant in a private placement prior to the offering. Total proceeds: $1.250 million. The underwriters have also agreed to defer $0.300 million of their fees until the company completes an acquisition. In the event that the company is liquidated, neither the insiders nor the underwriters will receive any of the escrowed proceeds. Description of business: We are a recently organized Delaware blank check company incorporated on April 10, 2006 in order to serve as a vehicle for a business combination of an operating business that has its principal operations located in the People’s Republic of China. Our efforts to identify a prospective target business will not be limited to a particular industry. ...

To: Glenn Petersen who wrote (616)	6/7/2007 9:59:31 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Union Street Acquisition Corp. completed its IPO on February 6, 2007, selling 12,500,000 units at $8.00 per unit. The gross proceeds totaled $100 million, in line with the amount the company was looking to raise when it filed its initial S-1 on August 11, 2006. A total of $98,500,000, equal to $7.94 per common share, has been placed into an escrow account. This balance includes $3,700,000 deferred by the underwriters, which will be paid when the company completes an acquisition, and $3,000,000 from the sale of warrants to certain of the insiders. In the event that the company is liquidated, neither the underwriter nor the insiders will receive any of the funds placed into the escrow account. Up to $1,250,000 of interest earned on the trust fund balance can be used to fund expenses related to investigating and selecting a target business and our other working capital requirements. Each unit consists of one share of common stock and one warrant to purchase an additional share at $6.00 per share. Union Street Acquisition Corp. is going to focus its acquisition efforts in the business services sector. As of the date of the offering, there was no word yet as to whether or not the underwriter has exercised its over-allotment option. The securities are listed on the American Stock Exchange. The units (USQ-U) closed at $8.25 yesterday. The common shares (USQ) and warrants (USQ-WT) closed at $7.50 and $.73, respectively. The final prospectus: sec.gov