Sample Offering Structure

  • Issuer: The Sponsor–management team or Private Equity company
  • Exchange: NASDAQ
  • Offering: usd 350 mln on average; sizes range usd 50-600 mln
  • Securities: 35 mln units - 1 common stock and 1 warrant. Separate trading after max 52 days (usually within 2-3 weeks)
  • Unit Price: usd 10.00. 100% held in trust – t-bills in escrow with major bank.
  • Warrent Terms: Exercisable on later of 30 days post business combination or 12 months after IPO @ usd 11.50, for 5 years. Usually, 2 warrants entitle to 1 share when exercised.
  • Sponcer Investment: 3-4% of capital collected, invested in warrants at usd 1/warrant.
  • Entilies to 'Promote': 20% management share at Business Combination, subject to lockup.
  • Use of Proceeeds: Acquisition of an unlisted operating company.
Unit Ticker ISIN IPO Date Maturity Price % CHG Capital Collected: Book Runners
IPO LAST on IPO USD MLN With I-BANKERS
HUNTER HUNTU MHY378281114 11/16 11/18 10.00 10.36 3.6% 150 MORGAN STANLEY
GTY TECH GTYHU KYG4182A1022 10/16 10/18 10.00 10.32 3.2% 552 CITIGROUP
AVISTA AHPAU KYG07726L1095 10/16 10/18 10.00 10.28 2.8% 300 CREDIT SUISSE
MI ACQ MACQU US55304A1043 09/16 03/18 10.00 10.22 2.2% 50 CHARDAN
BOULEVARD II BLVDU US10157Q2012 09/15 09/17 10.00 10.40 4.0% 370 CITIGROUP
DOUBLE EAGLE EAGLU KYG281951247 09/15 09/17 10.00 10.55 5.5% 500 DEUTSCHE BANK, MERILL LYNCH
BARINGTON BHACU US06759V1017 02/15 09/17 10.00 10.42 4.2% 40 EARLYBIRD
GP INVESTMENTS GPAIU KYG403571162 05/15 05/17 10.00 10.10 1.0% 172 CITIGROUP
ANDINA ANDAU KYG0441P1046 11/15 05/17 10.00 10.70 7.0% 40 EARLYBIRD
EASTERLY EACQU US227616L2016 07/15 07/17 10.00 10.10 1.0% 200 CITIGROUP
ORIGO OACQU KYG677891007 12/14 09/17 10.00 10.55 5.5% 40 EARLYBIRD

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* Transaction closed by IBS Holding Corporation d.b.a. I-Bankers Securities, Inc. (member of FINRA and SIPC). The headquarters address for I-Bankers Securities is: 535 5th Avenue 4th Flr., New York, NY 10017.

I-Bankers Direct, LLC (“IBD”) operates www.ibankersdirect.com, and all securities offered on this website are offered through IBD. IBD is a registered broker-dealer and member FINRA / SIPC. By accessing this website, you agree to be bound by its Terms of Use and Privacy Policy. This website is only suitable, intended and available for accredited investors who are registered with this website and familiar with and willing to accept the high risk associated with private placement investments. Securities sold through private placements are not publicly traded and are intended for investors who do not require a liquid investment. Private placement investment opportunities available through this site are not subject to the same level of regulatory scrutiny as publically-traded companies, and, consequently, information upon which to make an informed investment decision may not be readily available. There can be no assurance that the valuation of the company issuing the securities is accurate or in agreement with industry or market valuations. In addition, investors may receive restricted stock which may be subject to holding period requirements. Companies that seek private placement investments are typically in early stages of development and have not yet been fully tested in the public marketplace. Private placement investments require high risk tolerance, low liquidity concerns, and long-term commitments, and investors must be able to afford to lose their entire investment.