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Universal Business Payment Solutions Acquisition (UBPS-U)
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Benzinga  Apr 15  Comment 
Theravance (NASDAQ: THRX) moved up 17.15% to $27.83. Theravance is expected to report its Q1 results on April 25, 2013. Universal Business Payment Solutions Acquisition (NASDAQ: UBPS) rose 17.12% to $3.90. UBPS had $23.69 thousand in total cash...
Universal Business Payment Solutions (UBPS) Files 13.2M Common Shelf for Holders
StreetInsider.com  Mar 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Equity+Offerings/Universal+Business+Payment+Solutions+%28UBPS%29+Files+13.2M+Common+Shelf+for+Holders/8193862.html for the full story.
Stocks Hitting 52-Week Lows
Benzinga  Jan 3  Comment 
Allot Communications (NASDAQ: ALLT) shares declined 22.48% to touch a new 52-week low of $14.17. Allot Communications' trailing-twelve-month ROA is 4.48%. Infinity Cross Border Acquisition Corp (NASDAQ: INXB) shares lost 6.20% to create a new...
UBPS purchases A D Computer and JetPay
Banking Business Review  Jan 2  Comment 
US-based Universal Business Payment Solutions Acquisition Corporation (UBPS) has completed the acquisitions of the JetPay companies and the A D Computer Corporation companies.
UBPS to buy three business payment companies for $179m
Banking Business Review  Jul 10  Comment 
Universal Business Payment Solutions has embarked a definitive agreement to acquire three growing companies including Electronic Merchant Systems, Jet Pay and A D Computer Corporation for almost $179m.
UBPS to Acquire and Consolidate Three Business Payment Companies in Proposed $179 Million Transaction
Benzinga  Jul 9  Comment 
Universal Business Payment Solutions Acquisition Corporation (NASDAQ: UBPS), a special purpose acquisition company, today announced that it has entered into definitive agreements to acquire three profitable and growing companies to facilitate its...
UBPS to buy payment companies for $179 mln
Reuters  Jul 9  Comment 
Universal Business (UBPS) to Acquire, Consolidate Three Business Payment Companies in $179M Deal; Shares Halted
StreetInsider.com  Jul 9  Comment 




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 This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company.
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Sr. Director
Remi Cossart

Universal Business Payment Solutions Acquisition (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, particularly in the retail finance and payment solutions business. The management team has experience in these industries and hopes to acquire one or more companies from which it can build a platform in the payment processing industry. After this initial company or companies have been acquired, additional companies may be merged or acquired to expand on the platform.[2]

The company's initial public offering of stock on the NASDAQ and occurred on May 9, 2011. The company offered 12M shares each for $6. The goal of the IPO was to raise $72M in total. The lead underwriter of the deal was EarlyBird Capital and Rodman & Renshaw Capital (RODM).[3]


References

  1. ↑ U.S. Securities and Exchange Commission "Blank Check Company"
  2. ↑ UBPS-U S-1/A PROSPECTUS SUMMARY "Overview" pg 1-2
  3. ↑ Renaissance Capital - IPO Home "Blank check company Universal Business Payment Solutions Acquisition prices IPO at $6, raising $72 million" 10 May 2011
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