By Sheri Kasprzak
New York, July 28 - Energy Infrastructure Acquisition Corp. concluded a private placement of units for $8,253,980 just ahead of its $202.5 million initial public offering.
In the placement, the company sold 825,398 units at $10.00 apiece.
Each unit was comprised of one share and one warrant. Each warrant is exercisable at $8.00 through July 17, 2010.
Maxim Group LLC was the placement agent for the private placement and was the underwriter for the IPO.
In the IPO, the company sold 20.25 million units, also at $10.00 each. The terms of the units in the IPO are the same as the units sold in the private placement.
New York-based Energy Infrastructure intends to acquire or combine with companies in the energy or energy asset business.
| Issuer: | Energy Infrastructure Acquisition Corp.
|
| Issue: | Units of one share and one warrant
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| Amount: | $8,253,980
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| Units: | 825,398
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| Price: | $10.00
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| Warrants: | One warrant per unit
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| Warrant expiration: | July 17, 2010
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| Warrant strike price: | $8.00
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| Placement agent: | Maxim Group LLC
|
| Settlement date: | July 17
|
| Stock symbol: | Amex: EII
|
| Stock price: | $9.71 at close July 27
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