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 (1718)	1/26/2009 4:09:18 PM
From: Glenn Petersen	Respond to of 3862

NTR Acquisition (stock symbol: [t]NTQ[/t]), which terminated its agreement to acquire Kern Oil & Refining Co. on April 4, 2008, has announced that the company is going to be liquidated. NTR Acquisition Co. Announces Anticipated Expiration and Distribution of Assets Monday January 26, 2009, 8:30 am EST Yahoo! Buzz Print Related:NTR Acquisition Co. DANBURY, Conn.--(BUSINESS WIRE)--NTR Acquisition Co. (AMEX, Units: NTQ.U, Common Stock: NTQ, Warrants: NTQ.WS), a special purpose acquisition company focused on the petroleum refining and marketing industry, announced today that, in accordance with its charter and applicable law, its corporate existence will terminate on January 30, 2009. NTR also announced that its board of directors, at a special meeting held on January 25, 2009, adopted a plan of distribution, to become effective on January 30, 2009. In accordance with the plan of distribution, NTR will instruct American Stock Transfer & Trust Company, the trustee of the trust account established in connection with NTR’s initial public offering, to distribute the proceeds of the trust account (net of $75,000 of accrued interest, to be disbursed to NTR to pay certain expenses associated with NTR’s expiration and winding up) to NTR’s public stockholders following the termination of NTR’s existence. NTR expects that the holders of record, as of January 30, 2009, of shares of NTR common stock issued in the initial public offering will receive a distribution in the amount of approximately $10.03 per share, payable on or about February 6, 2009. In accordance with NTR’s charter and the terms of its initial public offering, no payments will be made in respect of NTR’s outstanding warrants (which will expire worthless on January 30, 2009) or to any of NTR’s initial stockholders with respect to the shares owned by them prior to the initial public offering. In addition, the underwriters of NTR’s initial public offering will forfeit any rights or claims to their deferred underwriting discounts and commissions held in the trust account. The American Stock Exchange is expected to suspend the trading, and NTR’s transfer agent will be instructed to cease recording transfers, of NTR’s units, common stock and warrants on January 30, 2009. NTR intends to submit a Certification of Termination of Registration on Form 15 to the Securities and Exchange Commission for the purpose of deregistering its securities under the Securities Exchange Act of 1934, as amended. Any further questions regarding the distribution should be directed to Shareholder Services at American Stock Transfer & Trust Company at (800) 937-5449 or (718) 921-8124. <snip> biz.yahoo.com