By Devika Patel
Knoxville, Tenn., Nov. 28 - China Holdings Acquisition Corp. has raised $2.75 million in a private placement of warrants, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 2.75 million warrants at $1.00 apiece to its founding stockholders.
The company also completed its initial public offering of units on Nov. 21, raising C$120 million, the 8-K said. It sold 12 million units at $10.00 apiece, with each unit comprised of one common share and one warrant. Each warrant is exercisable at $7.50.
Westport, Conn.-based China Holdings is a blank check company that was formed to acquire businesses that have their primary operations in the People's Republic of China.
| Issuer: | China Holdings Acquisition Corp.
|
| Issue: | Warrants
|
| Amount: | $2.75 million
|
| Warrants: | 2.75 million
|
| Price: | $1.00
|
| Announcement date: | Nov. 28
|
| Stock symbol: | Amex: HOL.U
|
| Stock price: | $10.05 at close Nov. 28
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
