L&L Acquisition Corp. (LLAQ)

 
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L&L Acquisition Corp (NASDAQ:LLAQ) 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.[1]

L&L Acquisition has not yet identified any business targets, but expects to look for a company or companies in the United States, though it is willing to consider non-domestic companies. The blank check company expects to focus on the healthcare sector, but like its first criteria, is not limiting itself to only that industry.[2]

The company's initial public offering of stock on the NASDAQ and occurred on November 23, 2010. The company offered 4M shares each for $10. The goal of the IPO was to raise $40M in total. The lead underwriter of the deal was Morgan Stanley (MS).[3]


References

  1. U.S. Securities and Exchange Commission "Blank Check Company"
  2. LLAQ S-1/A 2010 SUMMARY "Our Business" pg1-3
  3. LLAQ S-1/A 2010 SUMMARY "The Offering" pg4
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