Cazador Acquisition Corp. Ltd. Announces Exercise of Over-Allotment Option Bringing Total Gross Proceeds from Public Offering...
October 08 2010 - 5:52PM
Business Wire
Cazador Acquisition Corporation Ltd. (the "Company")
(NASDAQ:CAZAU), a special purpose acquisition company formed for
the purpose of acquiring an operating business in developing
countries in Central and Eastern Europe, Latin America or Asia,
today announced that the underwriters of its public offering of
common stock have exercised their over-allotment option, which will
result in the issuance of an additional 600,000 equity units. Each
unit consists of one share of the Company's common stock and one
warrant to purchase one share of common stock at an exercise price
of $7.50 per share.
The option was granted in connection with the public offering of
4,000,000 equity units at a public offering price of $10.00 per
unit, which is expected to close on October 14, 2010, subject to
customary closing conditions. A total of $46,165,000 (including the
proceeds of a previously announced private placement), or
approximately $10.036 per share, will be placed in trust.
Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw
Capital Group, Inc. (NASDAQ:RODM) and Maxim Group LLC acted as
joint book-running managers of the offering. Chardan Capital
Markets, LLC, EarlyBirdCapital, Inc. and Macquarie Capital acted as
co-managers of the offering.
The offering of these securities will be made only by means of a
prospectus. A registration statement relating to these securities
has been declared effective by the Securities and Exchange
Commission. 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 in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. Copies
of the final prospectus relating to the offering, when available,
may be obtained for free by visiting the U.S. Securities and
Exchange Commission website at http://www.sec.gov. Alternatively, a
copy of the prospectus related to this offering may be obtained
from Rodman & Renshaw, LLC, Prospectus Department, 1251 Avenue
of the Americas, New York, NY, 10020, telephone: 212-430-1710 or
email: prospectus@rodm.com.
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