Deal has $11.25 million greenshoe; $6.94 million placement planned
By Devika Patel
Knoxville, Tenn., Aug. 2 - Hyde Park Acquisition Corp. II. priced its $75 million initial public offering of stock with an $11.25 million greenshoe in a prospectus filed Wednesday with the Securities and Exchange Commission. The company also plans to conduct a $6.94 million private placement of stock. It expects its shares to trade on the Nasdaq exchange under the symbol "HPAC."
The company will sell 7.5 million common shares at $10.00 per share in the IPO and an additional 693,750 shares at the same price in the private placement.
Deutsche Bank Securities and EarlyBirdCapital, Inc. are the underwriters.
Settlement is expected Aug. 7.
Proceeds will be used for fees, expenses and working capital.
The blank check company is based in New York.
| Issuer: | Hyde Park Acquisition Corp. II.
|
| Issue: | Common stock
|
| Amount: | $81,937,500
|
| Price: | $10.00
|
| Warrants: | No
|
| Underwriters: | Deutsche Bank Securities, EarlyBirdCapital, Inc.
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 7
|
| Stock symbol: | Nasdaq: HPAC
|
|
|
| IPO
|
| Amount: | $75 million
|
| Greenshoe: | $11.25 million
|
| Shares: | 7.5 million
|
|
|
| Placement
|
| Amount: | $6,937,500
|
| Shares: | 693,750
|
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