Corporate Acquirers Inc., is a SPAC, or special purpose acquisition company, that submitted an IPO filing today. The filing shows $100 million proceeds targeted at $10.00 per unit, each unit will consist of one share of stock and one warrant with a $7.50 strike price. The total proposed maximum aggregate amount in securities is listed as $211,000,100 in securities, although this number may be merely for filing purposes. The underwriting group is listed as Deutsche Bank Securities and Pali Capital, Inc. It has requested it be listed on the American Stock Exchange and no ticker has been determined.
The filing shows that Corporate Acquirers Inc. does not have any specific industry or geographic focus. They did specify that in evaluating potential targets, the following criteria may be used: Established companies with positive cash flow; strong competitive position in industry; experienced management team; and a diversified customer and supplier base.
Corporate Acquirers Inc.’s Chairman, President and Chief Executive Officer is G. Richard Thoman. He has been a top executive in a variety of industries including financial services, food, technology, and consumer and business-to-business marketing. Stephen R. Wilson is the Vice-Chairman and CFO. He has 25 years of experience in management, finance, and planning globally.
Rachel Lopez
February 4, 2008
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