Offering to be conducted by lead underwriter Deutsche Bank Securities
By Devika Patel
Knoxville, Tenn., Oct. 14 - ROI Acquisition Corp. priced a $75 million initial public offering of units in a Form S-1 filed Friday with the Securities and Exchange Commission. The deal has an $11.25 million greenshoe.
The company will sell 7.5 million units of one common share and one warrant at $10.00 per unit, with each warrant exercisable at $12.00 for five years.
The company expects its shares to trade on the OTCBB.
Deutsche Bank Securities Inc. is the lead underwriter.
Proceeds will be used for general corporate purposes.
The New York blank check company was newly organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase or reorganization with one or more businesses or assets and may pursue industries in the consumer or restaurant industry.
| Issuer: | ROI Acquisition Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $75 million
|
| Greenshoe: | $11.25 million
|
| Units: | 7.5 million
|
| Price: | $10.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $12.00
|
| Underwriter: | Deutsche Bank Securities Inc. (lead)
|
| Pricing date: | Oct. 14
|
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