|
KBL Healthcare Acquisition Corp. III (“KBL”) is a SPAC with a healthcare or healthcare-related focus. KBL has two years from SPAC IPO (July 2007) to complete a merger transaction. The merger must be valued over 80% of the SPAC’s net assets (over $110 million). The SPAC units begin trading on the American Stock Exchange, with an opportunity to move exchanges post merger.
KBL Healthcare Acquisition Corp. III: Highlights |
| Focus |
Healthcare or healthcare-related |
| Size |
$138 million IPO |
| Completed |
July 31, 2007 |
| Underwriters |
Citi (lead book runner), Jefferies, EarlyBirdCapital |
| Notable |
Citi’s first healthcare SPAC |
| Term |
KBL has two years from SPAC IPO (July 2007) to complete merger transaction |
| Target |
Merger with operating company must be valued at over 80% of the SPAC’s net assets (minimum enterprise value of $110 million based on $138 million raised in IPO) |
| Exchange |
SPAC units are trading on the American Stock Exchange; opportunity to move exchanges post merger |
| Stock Tickers |
|
| KBL Healthcare Acquisition Corp. III: SEC Filings |
| 11/13/07 |
11/13/2007: Form 10-Q (period: September 30, 2007) |
Link to document |
| 7/23/07 |
KBL Healthcare Acquisition Corp. III Prospectus |
Link to document |
| KBL Healthcare Acquisition Corp. III: News Releases |
| 7/31/07 |
KBL Healthcare Acquisition Corp. III Securities to Commence Separate Trading |
Link to release |
| 7/25/07 |
KBL Healthcare Acquisition Corp. III Completes Initial Public Offering |
Link to release |
| 7/20/07 |
American Stock Exchange Lists the Units of KBL Healthcare Acquisition Corp. III |
Link to release |
KBL Healthcare Acquisition Corp. III
380 Lexington Avenue, 31st Fl.
New York, NY 10168 |
Ph: (212) 319-5555
Fax: (212) 319-5591
Inquiries: inquiries@kblhealthcare.com |
|
