Bookrunner EarlyBirdCapital, co-managers Aegis and I-Bankers assisted
By Devika Patel
Knoxville, Tenn., Feb. 24 – Barington/Hilco Acquisition Corp. said the underwriters for its initial public offering of units opted to exercise the deal’s $6 million greenshoe in part for total proceeds of $42.93 million. The deal priced for $40 million with the greenshoe on Feb. 5.
The company sold 4,293,069 units of one common share, one right to receive 0.1 shares and one half-share warrant at $10.00 per unit, with each whole warrant exercisable at $12.50 until Feb. 5, 2016. Of the units, 293,069 were part of the partially exercised greenshoe.
EarlyBirdCapital, Inc. was the bookrunner.
The blank check company is based in New York. The company intends to list its stock on the Nasdaq stock exchange under the symbol “BHAC.”
Issuer: | Barington/Hilco Acquisition Corp.
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Issue: | Units of one common share, one right to receive 0.1 shares and one half-share warrant
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Amount: | $42,930,690 million (including $2,930,690 greenshoe)
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Units: | 4 million
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Price: | $10.00
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Feb. 5, 2016
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Warrant strike price: | $12.50
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Bookrunner: | EarlyBirdCapital, Inc.
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Co-managers: | Aegis Capital Corp. and I-Bankers Securities
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Pricing date: | Feb. 5
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Settlement date: | Feb. 24
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Stock exchange: | Nasdaq: BHAC
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