Cazador Acquisition Corporation (NASDAQ:CAZAU) is a blank check company was created with the intent to find a potential merger, asset acquisition, or reorganization. A blank check company is a company which was created without a specific business plan or whose business plan is to merge or acquire an unidentified company.
Cazador fits this category and does not has not yet identified any business targets, but expects to look in Central and Eastern Europe, Latin America, or Asia. The company does not have any products or current companies, but plans to acquire or influence the merger of two companies.
The company's initial public offering of stock on the NASDAQ and occurred on October 7, 2010. The company offered 5,000,000 shares each for $10. The goal of the IPO was to raise $50M in total. The lead underwriter of the deal was Rodman & Renshaw Capital (RODM).