Offering with $6 million greenshoe is slated to fund working capital
By Devika Patel
Knoxville, Tenn., Sept. 7 - Collabrium Japan Acquisition Corp. priced its initial public offering of units to raise $40 million with a $6 million greenshoe in a Form F-1 filed Friday with the Securities and Exchange Commission.
The company will sell 4 million units of one ordinary share and one warrant at $10.00 per unit, with each warrant exercisable at $11.50 for five years. The units will be sold on a firm-commitment basis.
PrinceRidge Group LLC is the representative of the underwriters.
Proceeds will be used to acquire a target business or for working capital requirements.
The blank check company is based in London.
| Issuer: | Collabrium Japan Acquisition Corp.
|
| Issue: | Units of one ordinary share and one warrant
|
| Amount: | $40 million
|
| Greenshoe: | $6 million
|
| Shares: | 4 million
|
| Price: | $10.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $11.50
|
| Underwriters: | PrinceRidge Group LLC (lead)
|
| Pricing date: | Sept. 7
|
| Stock symbol: | Nasdaq: JACQU
|
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