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.
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.
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).