Capitol Acquisition Corp. III Completes $325 Million Initial Public Offering
October 20 2015 - 8:07AM
Business Wire
Capitol Acquisition Corp. III (NASDAQ:CLACU) (the “Company”), an
acquisition vehicle formed by investor Mark D. Ein, announced that
it has completed its initial public offering of 32,500,000 units,
including 2,500,000 units subject to the underwriters’
over-allotment option, with the offering raising aggregate gross
proceeds of $325,000,000. Each unit consists of one share of common
stock and one half of one warrant, each whole warrant to purchase
one share of common stock at a price of $11.50.
Capitol Acquisition Corp. III was formed for the purpose of
acquiring through a merger, share exchange, asset acquisition,
stock purchase, recapitalization, reorganization or other similar
business combination one or more businesses or entities. The
Company’s efforts to identify a prospective target business will
not be limited to a particular industry or geographic region.
Capitol Acquisition Corp. III is led by Chairman and Chief
Executive Officer Mark D. Ein and President and Chief Financial
Officer L. Dyson Dryden.
$325,000,000 of the proceeds received from this offering and a
simultaneous private sale of warrants to the Company’s sponsors and
officers and directors will be deposited into a trust account at JP
Morgan Chase, N.A. with Continental Stock Transfer & Trust
Company acting as trustee.
An audited balance sheet as of October 19, 2015 reflecting
receipt of the proceeds upon consummation of the initial public
offering and private sale of warrants will be issued by the Company
and included as Exhibit 99.1 to a Current Report on Form 8-K to be
filed by the Company with the Securities and Exchange
Commission.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
October 13, 2015. The offering is being made only by means of a
prospectus, copies of which may be obtained from Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, Telephone: 1-800-831-9146, Email:
batprospectusdept@citi.com, Deutsche Bank Securities Inc., 60 Wall
Street, New York, NY 10005-2836, Attention: Prospectus Group,
Telephone: (800) 503-4611, Email: prospectus.cpdg@db.com or Credit
Suisse Securities (USA) LLC, One Madison Avenue, New York, NY
10010, Attention: Prospectus Department, Telephone: (800) 221-1037,
Email: newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ from the forward looking statements. The
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
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version on businesswire.com: http://www.businesswire.com/news/home/20151020006025/en/
Capitol Acquisition Corp. IIIL. Dyson Dryden,
646-661-2002President and Chief Financial Officer
CAPITOL ACQUISITION CORP. III (NASDAQ:CLACU)
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