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 (1006)	6/11/2007 9:36:16 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Arcade Acquisition Corp. completed its IPO on May 22 2007, selling 8,625,000 units, including 1,125,000 units that were sold through the exercise of the over-allotment option, at $8.00 per unit. The gross proceeds totaled $69 million. Exclusive of the units sold through the exercise of the over-allotment option, the gross proceeds of $60 million were up slightly from the $50 million that the company was looking to raise when it filed its initial S-1 on February 21, 2007. A total of $67,835,000, equal to $7.86 per common share, has been placed into an escrow account. This balance includes $2,415,000 deferred by the underwriters, which will be paid when the company completes an acquisition, and $2 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. Up to $2,000,000 of interest earned on the trust fund balance can be used to fund expenses related to investigating and selecting a target business and other working capital requirements. Each unit consists of one share of common stock and a warrant to purchase one additional share at $6.00 per share. Warrant terms: Each warrant will become exercisable on the later of the completion of a business combination with a target business and May 22, 2008. The warrants will expire at 5:00 p.m., New York City time, on May 22, 2011, or earlier upon redemption. Arcade Acquisition Corp. is going to focus its efforts on acquiring an operating entity in an as yet unidentified industry. The securities are listed on the OTC Bulletin Board. The units (ACDQU.OB) closed at $8.50 today. The common shares (ACDQ.OB) and warrants (ACDQW.OB) are not yet trading. The final prospectus: sec.gov

To: Glenn Petersen who wrote (1006)	11/14/2007 3:50:40 PM
From: Glenn Petersen	Respond to of 3862

On June 6, 2007, Alyst Acquisition Corp. announced that its underwriter had exercised a portion of its over-allotment option and purchased an additional 1,044,000 units at $8.00 per unit. A total of 8,044,000 units were sold to the public. The gross proceeds raised in the IPO were $64,352,000. The balance placed into the trust account was $62,154,286, equal to $7.85 per share. This balance includes approximately $2.75 million of commissions deferred by the underwriter and $1.82 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