Bison Capital Acquisition Corp. Announces Pricing of $52.5 Million Initial Public Offering
19 Junho 2017 - 11:48PM
Bison Capital Acquisition Corp. (NASDAQ:BCACU) (the “Company” or
“Bison”) announced today that it priced its initial public offering
of 5,250,000 units at $10.00 per unit. The units are expected to be
listed in on The NASDAQ Capital Market (“NASDAQ”) and trade under
the ticker symbol “BCACU” beginning June 20, 2017. Each unit
consists of one ordinary share, one half of one warrant, each whole
warrant to purchase one ordinary share at a price of $11.50 per
whole share, and one right to receive one-tenth of one ordinary
share upon the consummation of the Company’s initial business
combination. Once the securities comprising the units begin
separate trading, the ordinary shares, warrants and rights are
expected to be listed on NASDAQ under the symbols “BCAC,” “BCACW,”
and “BCACR,” respectively.
The underwriters have been granted a 30-day
option to purchase up to an additional 787,500 units offered by the
Company to cover over-allotments, if any.
The offering is expected to close on June 23,
2017, subject to customary closing conditions.
EarlyBirdCapital, Inc., acted as sole
book-running manager and Chardan and I-Bankers acted as co-managers
of the offering.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on June 19, 2017. The offering is being made only by
means of a prospectus, copies of which may be obtained by
contacting EarlyBirdCapital, Inc., 366 Madison Avenue,
8th Floor, New York, New York 10017. Copies of the
registration statement can be accessed through the SEC's website
at www.sec.gov.
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.
About Bison
Bison 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 on
businesses that have their primary operations located in Asia and
North America in the healthcare, consumer services and
media/entertainment industries. Bison is being sponsored by Bison
Capital Holding Company Limited.
Forward Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of the Company’s initial public offering, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
Bison Capital Acquisition Corp.
+1 9493506999
James J. Tong
CEO
jamestong@bisonholding.com
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