Capitol Acquisition Corp.'s Over-Allotment Option Exercised By Underwriters
12 Dezembro 2007 - 6:07PM
PR Newswire (US)
WASHINGTON, Dec. 12 /PRNewswire/ -- Capitol Acquisition Corp.
(AMEX: CLA.U) (the "Company") announced today that the underwriters
for its initial public offering exercised their over-allotment
option to the extent of 1,249,000 units and purchased such units on
December 12, 2007. Each unit sold by the Company consisted of one
share of common stock and one warrant to purchase an additional
share of common stock. The 26,249,000 units sold in the offering,
including the 1,249,000 units subject to the over-allotment option,
were sold at an offering price of $10.00 per unit, generating gross
proceeds of $262,490,000 to the Company. The offering was led by
Citi, acting as sole book-running manager and Ladenburg Thalmann
& Co. Inc. acting as co-manager. The offering is being made
only by means of a prospectus, copies of which may be obtained from
Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn,
New York 11220. The Company also announced that separate trading of
the common stock and warrants underlying the units will commence on
December 12, 2007. The common stock and warrants will be listed on
the American Stock Exchange under the symbols CLA and CLA.WS,
respectively. Units not separated will continue to trade on the
American Stock Exchange under the symbol CLA.U. Capitol Acquisition
Corp. is a newly organized blank check company formed for the
purpose of acquiring through a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination one or more operating businesses or assets.
Its efforts in identifying a prospective target business will not
be limited to a particular industry. DATASOURCE: Capitol
Acquisition Corp. CONTACT: Eric London of TSD Communications for
Capitol Acquisition Corp., +1-202-986-9805
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