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Committed Capital Acquisition Corp. (CCA-U) |
WIKI ANALYSIS
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
Committed Capital 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]
Business Overview
Unlike many other blank check companies, Committed Capital is not required to receive approval from its shareholders before undergoing a transaction. Instead, the company only requires approval from its board of directors.[2] However, the blank check company plans to enter into a transaction with a company which has, among other criteria, a domestic focus and a strong free cash flow. The management team of Committed Capital have experience in investment banking and have executed initial public offerings and private placements.[3]
News Updates
The company sold 5.8M shares for $5.00 each. The deal raised a total of $29M. The lead underwriter of the deal was Broadband Capital.[4]
References
- ↑ U.S. Securities and Exchange Commission "Blank Check Company"
- ↑ CCA-U S-1/A 2011 p. ii
- ↑ CCA-U S-1/A 2011 PROSPECTUS SUMMARY "Our Business" p. 3
- ↑ Renaissance Capital - IPO Home "Committed Capital files for $25M IPO" 31 May 2011
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