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 (2152)	9/24/2009 7:39:26 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Very slick. [t]IRDM[/t], until yesterday [t]GHQ[/t], is offering 16 million shares at $10.00 per share. The proceeds from the offering will be used to fund the redemption of the shares that were voted against the company's acquisition of Iridium. GHL Acquisition Corp. Announces Pricing of Common Stock Offering Press Release Source: GHL Acquisition Corp. On Wednesday September 23, 2009, 7:07 pm EDT NEW YORK, Sept. 23 /PRNewswire-FirstCall/ -- GHL Acquisition Corp. ("GHL Acquisition") (NYX: GHQ, GHQ.WS and GHQ.U) announced today that its offering of 16,000,000 newly issued shares of its common stock was priced at $10.00 per share. In addition, GHL Acquisition has granted the underwriters a 40-day option to purchase up to an additional 2,400,000 shares to cover over-allotments, if any. The offering is expected to close on September 29, 2009, subject to the satisfaction of customary closing conditions and the closing of the acquisition by GHL Acquisition of Iridium Holdings LLC. Raymond James and Associates, Inc. is acting as bookrunning manager, RBC Capital Markets Corporation is acting as co-lead manager and Stifel, Nicolaus & Company, Incorporated is acting as co-manager for the offering. GHL Acquisition will use the net proceeds from the offering to fund its previously announced repurchases of shares of its common stock and exchanges of its warrants, as well as for general corporate purposes. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the Securities and Exchange Commission and are available on the SEC's website www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus for this offering can be obtained without charge by directing a request to Raymond James & Associates, Inc. at 880 Carillon Parkway, St. Petersburg, FL 33716 or by telephone at (727) 567-2400. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of the prospectus supplement and accompanying prospectus. A registration statement relating to the securities has been filed with and declared effective by the SEC. <snip> finance.yahoo.com

To: Glenn Petersen who wrote (2152)	5/10/2011 3:50:03 PM
From: Glenn Petersen	Respond to of 3862

Iridium Communications wants to take out its remaining warrants: Iridium to Launch Exchange Offer for $11.50 Warrants Press Release Source: Iridium Communications Inc. On Tuesday May 10, 2011, 7:00 am EDT MCLEAN, Va., May 10, 2011 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq:IRDM - News) ("Iridium") today announced its intention to conduct an offer to exchange its remaining outstanding $11.50 warrants for Iridium common stock. The Company plans to offer holders of Iridium's $11.50 warrants 0.22 shares of common stock for every one warrant tendered (equivalent to approximately one share for every 4.55 $11.50 warrants tendered). The warrants currently trade under the symbol IRDMZ on the NASDAQ Stock Market. On May 5, 2011, Iridium filed a Form 8-K with the Securities and Exchange Commission ("SEC") reporting that it had effected warrant exchanges with Integrated Core Strategies (US) LLC, CCA Event Driven Fund LLC, West Face Capital Inc., Provident Premier Master Fund Ltd. and Walleye Trading LLC. The Company retired 8,167,541 of the then 14,368,525 outstanding $11.50 warrants as a result of these warrant exchange agreements, representing 57 percent of the then outstanding $11.50 warrants. The Company closed these warrant exchanges between April 29, 2011 and May 4, 2011 at exchange ratios between 0.19 and 0.22 shares of common stock for every $11.50 warrant exchanged. In addition, Greenhill & Co., Inc. has indicated to the Company that it intends to exchange its 4,000,000 $11.50 warrants for common stock subject to the terms of the proposed exchange offer, representing 65 percent of the currently outstanding $11.50 warrants (28 percent of the warrants outstanding before the closing of the individually negotiated exchanges). "This warrant exchange simplifies our capital structure and significantly reduces potential future dilution of our shareholders," said Matt Desch, Iridium's chief executive officer. "Our fully funded plan for the construction of Iridium NEXT, which was developed with the COFACE lenders as part of our financing, does not rely on warrant proceeds, and this transaction was undertaken with the support of these lenders." <snip> finance.yahoo.com