Blank check company Stellar Acquisition raises $65 million in offering, expected to t

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  1. sniper-academy

    sniper-academy Administrator Staff Member

    Sep 30, 2011
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    Stellar Acquisition III Inc. , a blank check company based in Greece, priced its initial public offering Friday at $10 a share. The company sold 6.5 million units to raise $65 million. Each unit is made up of one share of common stock and one warrant, which allows the owner to buy at share of common stock for $11.50. The stock is expected to trade Friday on the Nasdaq Capital Market under the symbol "STLRU." Maxim Group LLC was the sole book-running manager.
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