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


To: Glenn Petersen who wrote (1295)11/24/2007 5:29:38 PM
From: Glenn Petersen  Respond to of 3862
 
On November 19, 2007, Golden Pond Healthcare, Inc. announced that its underwriter had exercised a portion of its over-allotment option and purchased an additional 1,250,000 units at $8.00 per unit. A total of 16,875,000 units were sold to the public. The gross proceeds raised in the IPO were $135 million.

The balance placed into the trust account was $132,725,000, equal to $7.87 per share. This balance includes approximately $4,050,000 of commissions deferred by the underwriter and $4,000,000 that was raised through the sale of warrants and units 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 in the escrow account.

sec.gov



To: Glenn Petersen who wrote (1295)11/5/2009 9:44:20 PM
From: Glenn Petersen  Respond to of 3862
 
Golden Pond Healthcare, Inc. (stock symbol: [t]GPH[/t]) was unable to complete an acquisition within its required time frame and will liquidate:

Item 8.01 Other Events.

On October 22, 2009, the Board of Directors of Golden Pond Healthcare, Inc. (the "Company") adopted and approved the Company's proposed plan of liquidation (the "Plan of Liquidation"). A copy of the form of Plan of Liquidation is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated in this Item 8.01 by reference. As of the close of business, Eastern time, on November 5, 2009, the Company's share transfer books will close and the NYSE Amex will suspend trading on November 6, 2009. Because the Company did not consummate a business combination within the time frame required by its certificate of incorporation and the terms of its initial public offering, the Company is required to liquidate and dissolve. The Company will begin the process of liquidating and dissolving itself in accordance with its certificate of incorporation and applicable Delaware law.

The Company expects to liquidate the amounts held in its trust account, which consist of proceeds from the Company's initial public offering, together with the deferred portion of the underwriter's fees and interest (net of applicable taxes). Payable upon presentation, liquidating distributions will be made to holders of shares of the Company's common stock (excluding shares issued prior to the Company's initial public offering). Stockholders whose stock is held in "street name" through a broker will automatically receive payment through the Depository Trust Company. The liquidating distribution is expected to be approximately $7.88 per share. No payments will be made with respect to any of the Company's outstanding warrants or shares of common stock that were acquired prior to the Company's initial public offering.

The Company will file a Certificate and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission for the purpose of deregistering its securities under the Securities and Exchange Act of 1934, as amended. As a result, the Company will no longer be a public reporting company and its securities will cease trading on the NYSE Amex.

On November 3, 2009, the Company also issued a press release announcing that, in accordance with its amended and restated certificate of incorporation and applicable law, its corporate existence will terminate on November 6, 2009. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

biz.yahoo.com