NEW YORK, Oct. 9, 2015 /PRNewswire/ -- Boulevard
Acquisition Corp. II (the "Company") (NASDAQ: BLVDU) announced
today that the underwriters of its initial public offering of Class
A common stock have partially exercised their over-allotment option
to purchase an additional 2,000,000 units at $10.00 per unit, representing $20,000,000 in additional gross proceeds.
As a result, an aggregate of 37,000,000 units have been issued by
the Company bringing the total gross proceeds of the initial public
offering to $370,000,000.
The Company is a newly organized blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. The Company may pursue an
acquisition opportunity in any business industry or
sector.
The units are listed on The NASDAQ Capital Market under the
symbol "BLVDU" and began trading on September 22, 2015. Each unit consists of one
share of the Company's Class A common stock and one-half of
one warrant. Each whole warrant will entitle the holder thereof to
purchase one share of the Company's Class A common stock at a
price of $11.50 per share and only
whole warrants will be exercisable. Once the securities
comprising the units begin separate trading, the Class A common
stock and the warrants are expected to be listed on the NASDAQ
Capital Market under the symbols "BLVD" and "BLVDW",
respectively.
The Company's sponsor is Boulevard Acquisition Sponsor II, LLC,
an affiliate of Avenue Capital Group, which is an established
global alternative investment firm with approximately $13.2 billion in assets under management, as of
September 30, 2015.
A registration statement relating to these units and the
underlying securities was declared effective by the Securities and
Exchange Commission on Monday, September 21,
2015. This offering is being made only by means of a
prospectus, copies of which may be obtained from: Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717; (Tel:
800-831-9146).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any State or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such State or
jurisdiction.
Information Concerning Forward-Looking Statements:
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts,
included in this press release that address activities, events or
developments that Boulevard Acquisition Corp. II expects or
anticipates will or may occur in the future are forward-looking
statements. These statements are subject to a number of risks and
uncertainties, including, but not limited to the following: changes
in general economic, market or business conditions; the
opportunities (or lack thereof) that may be presented to and
pursued by the Company; changes in laws or regulations; and other
factors, many of which are beyond the control of Boulevard
Acquisition Corp. II. Information concerning these and other
factors can be found in the Company's filings with the Securities
and Exchange Commission (the "SEC"), including those set forth in
the Risk Factors section of the Company's registration statement
and prospectus for the Company's offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. Boulevard
Acquisition Corp. II disclaims any obligation to update or revise
any forward-looking statements after the date of this release,
except as may be required by law.
Contact on Behalf of Boulevard Acquisition Corp. II:
Todd Fogarty
Kekst and Company
212-521-4854
todd-fogarty@kekst.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/boulevard-acquisition-corp-ii-announces-closing-of-over-allotment-option-in-connection-with-its-initial-public-offering-raising-total-gross-proceeds-of-370-million-300157500.html
SOURCE Boulevard Acquisition Corp. II