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

To: Glenn Petersen who wrote (626)	12/20/2006 8:57:01 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Transforma Acquisition Group, Inc. completed its IPO today, selling 12,500,000 units at $8.00 per unit. The gross proceeds totaled $100 million, down significantly from the $150 million that the company was looking to raise when it filed its initial S-1 on September 12, 2006. A total of $98.5 million, equal to $7.88 per common share, has been placed into an escrow account. This balance includes $3.72 million in fees that have been deferred by the underwriter and $3 million 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. Each unit consists of one share of common stock and a warrant to purchase an additional share at $5.50 per share. Transforma Acquisition Group, Inc. is going to focus its efforts on acquiring an operating company in the technology, media or telecommunications industries. There is no word yet as to whether or not the underwriter has exercised its over-allotment option. The securities will be listed on the American Stock Exchange. The units (TAQ-U) have started trading and closed today at $7.97. The common shares (TAQ) and warrants (TAQ-W) will begin trading separately at a later date. The final prospectus: sec.gov