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

To: Glenn Petersen who wrote (1890)	10/8/2008 9:50:33 AM
From: Glenn Petersen	Respond to of 3862

The shareholders of Fortissimo Acquisition (stock symbol: [t]FSMO[/t]) have rejected the company's proposed acquisition of Psyop. FSMO is going to liquidate. Fortissimo Acquisition Corp. Announces Results of Stockholder Vote On Proposed Business Combination and Sets Liquidating Distribution Record Date Tuesday October 7, 4:01 pm ET NEW YORK, Oct. 7, 2008 (GLOBE NEWSWIRE) -- Fortissimo Acquisition Corp. (``the Company'') (OTC BB:FSMO.OB - News), (OTC BB:FSMOU.OB - News), (OTC BB:FSMOW.OB - News) today held its Annual Meeting of Stockholders to vote on the proposed acquisition of Psyop, Inc. by the Company as well as various other matters. The Company filed its definitive Proxy Statement regarding the proposed acquisition with the Securities and Exchange Commission (the ``SEC'') on August 12, 2008, as modified by a Proxy Statement Supplement which was filed with the SEC on September 11, 2008. At today's Annual Meeting of Stockholders, the proposal to acquire Psyop was not approved by the Company's stockholders. Pursuant to its charter and the terms of its initial public offering, the Company is required to liquidate and dissolve if it has not consummated a business combination by October 11, 2008. Promptly after that date, the Company will begin the process of liquidating and dissolving itself in accordance with its charter and applicable Delaware law. As a result, the Company expects that the amounts held in its trust account, together with interest, will be distributed to the public holders of the Company's common stock as of the liquidating distribution record date, which will be the close of trading on Friday, October 10, 2008. As of October 6, 2008, there was approximately $28.0 million held in trust, which amounts to approximately $6.18 per share of common stock held by the Company's public stockholders. No payments will be made in respect of the Company's outstanding warrants or to any of its initial stockholders with respect to the shares owned by them prior to the initial public offering. <snip> biz.yahoo.com