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Mistral Acquisition withdraws plans for IPO

Posted on: Fri, 27 Nov 2009 13:10:00 EST

Symbols: 2643690Z

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Nov 27, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
2643690Z | Quote | Chart | News | PowerRating -- Mistral Acquisition Company, a US-based blank check company, has filed an application with the Securities and Exchange Commission (SEC) to withdraw its plans for an initial public offering (IPO).

Announcement (January 18, 2008):

Mistral Acquisition has filed a registration statement with the Securities and Exchange Commission for its proposed IPO of 30 million units. The company expects the IPO price to be $10 per unit.

Each unit consists of one share of common stock and one warrant. Each warrant entitles the holder to purchase one share of its common stock at a price of $7.

Mistral has also granted the underwriters a 45-day option to purchase up to 4.5 million additional units to cover over-allotments.

Pali Capital, Inc. and EarlyBirdCapital, Inc. are acting as underwriters for the offering.

Deal Value (US$ Million) 300
Deal Type                IPO
Sub-Category             Withdrawn
Deal Status              Terminated: 2009-09-25

Deal Participants

Target (Company) Mistral Acquisition Company

Deal Rationale

Offer Price ($ per share) 10
No. Shares Issued         30000000

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