DALLAS, July 16, 2012 /PRNewswire/ -- Hicks
Acquisition Company II, Inc. (Nasdaq: HKAC) ("HACII") announced
today that it has ceased operations except for the purpose of
winding up and redeeming, in accordance with its certificate of
incorporation, its outstanding publicly-held shares of common stock
at a per-share price, payable in cash, equal to the aggregate
amount on deposit in HACII's trust account, net of franchise and
income taxes payable and certain amounts payable for dissolution
expenses. The record date for the redemption payment is set as
July 14, 2012 and, therefore, anyone
who purchases shares of HACII common stock after this date will not
be entitled to receive any redemption payments. HACII's outstanding
warrants have expired without any value and the holders thereof
will not be entitled to any redemption payments. As promptly
as possible following such redemption, HACII will dissolve. Under
HACII's certificate of incorporation, it had until July 14, 2012 to either consummate a business
combination or commence proceedings to dissolve.
Nasdaq has also orally informed HACII that it intends to
currently halt trading in all of HACII's securities listed on the
Nasdaq Capital Market and to formally delist HACII's securities
upon its dissolution.
ABOUT HICKS ACQUISITION COMPANY II, INC.
Hicks Acquisition Company II, Inc. is a special purpose
acquisition company originally launched in October 2010 for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. It currently is in the process of winding up its
operations.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended, regarding the
transaction and HACII's plans, objectives and intentions.
Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "poised", "believes," "predicts," "potential,"
"continue," and similar expressions or variations of such words are
intended to identify forward-looking statements, but are not the
exclusive means of identifying forward-looking statements in this
press release. Actual results may differ materially from those
contained in the forward-looking statements in this press release.
HACII undertakes no obligation and does not intend to update
these forward-looking statements to reflect events or circumstances
occurring after the date of this press release. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their
entirety by this cautionary statement.
Contact:
HICKS ACQUISITION COMPANY II, INC.
Mark Semer, Kekst and
Company
(212) 521-4802; mark-semer@kekst.com
SOURCE Hicks Acquisition Company II, Inc.