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Investing

Blank Check IPO Filing: REGIAN ACQUISITION CORP.

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By Douglas A. McIntyre Published
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REGIAN ACQUISITION CORP. is the first blank check IPO filed this week.  After yesterday’s close, Regian filed to sell 10 million units in an initial public offering, with each unit consisting of one share of common stock and one warrant with a $7.50 strike price.  It plans to list on AMEX, but no ticker was given.

Regian Acquisition Corp. is a blank check company formed to acquire acompany or operations that is not limited to a particular geographicarea, type of business or industry.  The company will focuson North America or Europe and it will have 24 months from the date ofthe prospectus to consummate a business combination.

Wachovia Securities is the sole book-runner and Morgan Joseph is the co-manager in the underwriting group.

Its president and COO is Staffan Encrantz, who has been a seniormanager for 25 years for various companies including ABB and ASEA Brown Boveri.

Jon C. Ogg
September 23, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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