NEW YORK and SHANGHAI, Oct. 27,
2015 /PRNewswire/ -- Pacific Special Acquisition Corp.
("Pacific" or the "Company") announced today that holders of the
Company's units may elect to separately trade the ordinary shares,
rights and warrants included in such units commencing on or about
October 29, 2015.
The ordinary shares, rights and warrants will trade on the
NASDAQ Capital Market ("NASDAQ") under the symbols PAAC, PAACR and
PAACW, respectively. Units not separated will continue to
trade on NASDAQ under the symbol PAACU.
A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission on October 14,
2015. This press release shall not constitute an offer
to sell or a 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 was made only by means of a
prospectus, copies of which may be obtained by visiting the U.S.
Securities and Exchange Commission website at
http://www.sec.gov. Alternatively, a copy of the prospectus
relating to the offering may be obtained from EarlyBirdCapital,
Inc., 366 Madison Avenue, 8th Floor, New
York, NY 10017, 212-661-0200.
About Pacific
Pacific is a blank check company, also commonly referred to as a
Special Purpose Acquisition Company, or SPAC, formed for the
purpose of acquiring, engaging in a share exchange, share
reconstruction and amalgamation, purchasing all or substantially
all of the assets of, entering into contractual arrangements, or
engaging in any other similar business combination with one or more
businesses or entities. The Company's efforts to identify a target
business will not be limited to a particular industry or geographic
region, although it intends to focus efforts on seeking a business
combination with a company or companies that have their primary
operations located in Asia, with
an emphasis on China. Pacific is being sponsored by Zhengqi
International Holding Limited, a subsidiary of Pacific Securities
Co. Ltd.
Forward-Looking Statements
This press release includes "forward-looking statements" that
are not historical facts, and involve risks and uncertainties that
could cause actual results to differ materially from those expected
and projected. Words such as "expects", "believes", "anticipates",
"intends", "estimates", "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect Pacific management's current
beliefs, based on information currently available. A number of
factors could cause actual events, performance or results to differ
materially from the events, performance and results discussed in
the forward-looking statements. For information identifying
important factors that could cause actual results to differ
materially from those anticipated in the forward looking
statements, please refer to the Risk Factors section of Pacific's
final prospectus for its offering filed with the Securities and
Exchange Commission. Except as expressly required by applicable
securities law, the Company disclaims any intention or obligation
to update or revise any forward looking statements whether as a
result of new information, future events or otherwise.
Source: Pacific
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SOURCE Pacific Special Acquisition Corp.