Enterprise Acquisition Corp. Prices 25 Million Units in Initial Public Offering
08 Novembro 2007 - 9:00AM
PR Newswire (US)
BOCA RATON, Fla., Nov. 8 /PRNewswire-FirstCall/ -- Enterprise
Acquisition Corp. (AMEX:EST.U) announced today the pricing of its
initial public offering of 25 million units at $10.00 per unit. The
Company expects to raise gross proceeds of approximately $250
million in this offering (excluding the proceeds from the exercise
of the underwriters' over-allotment option, if any). Each unit
consists of one share of common stock and one warrant to purchase
an additional share of common stock. Initially, the units will be
the only security trading. The Company's units are expected to
begin trading on the American Stock Exchange (AMEX) under the
ticker symbol EST.U on or about November 8, 2007. The common stock
and warrants may trade separately on the 90th day after November 7,
2007, unless the underwriters for the offering determine that an
earlier date is acceptable. In no event will the underwriters allow
separate trading of the common stock and warrants until the Company
files an audited balance sheet reflecting its receipt of the gross
proceeds of the offering. UBS Investment Bank and Ladenburg
Thalmann & Co. Inc. are serving as joint bookrunning managers
for the offering, with I-Bankers Securities, Inc. serving as
co-manager. The Company intends to utilize the net proceeds from
this offering to ac- quire one or more operating businesses through
a merger, capital stock ex- change, asset acquisition or other
similar business combination. This press release shall not
constitute an offer to sell or the solicita- tion of an offer to
buy these securities, 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 secu- rities laws of such state or
jurisdiction. The offering is being made only by means of a
prospectus, copies of which may be obtained, when available, from
UBS Investment Bank, Prospectus Department, 299 Park Avenue, New
York, NY 10171 (telephone 212-821-3000) or Ladenburg Thalmann &
Co. Inc. at 153 East 53rd Street, New York, NY 10022 (telephone
212-409-2000). Forward-Looking Statements This press release may
contain certain forward-looking statements includ- ing statements
with regard to the future performance of the Company. Words such as
"believes," "expects," "projects," and "future" or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements inherently involve certain risks
and uncertainties that are de- tailed in the Company's prospectus
and other filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new informa-
tion, future events or otherwise. CONTACT: UBS Investment Bank,
+1-212-821-3000, Ladenburg Thalmann & Co. Inc. +1-212-409-2000
DATASOURCE: Enterprise Acquisition Corp. CONTACT: UBS Investment
Bank, +1-212-821-3000, Ladenburg Thalmann & Co. Inc.
+1-212-409-2000, both for Enterprise Acquisition Corp.
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