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Hicks Acquisition II (HKACU) |
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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 |
Hicks Acquisition II (NASDAQ:HKACU) 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]
Hicks fits this category and has not yet identified any business targets, but expects to look for a company with a strong track record, strong free cash flow, an experience management team, and well diversified customer and supplier base. Hicks Acquisition expects that a company with these characteristics will be the best candidate.[2]
The company's initial public offering of stock on the NASDAQ and occurred on October 11, 2010. The company offered 15,000,000 shares each for $10. The goal of the IPO was to raise $150M in total. The lead underwriter of the deal was Citigroup (C)[3]
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