By The Online Investor Staff, updated Fri., Aug. 26, 3:55 PM
Slide #1. Stellar Acquisition III Inc. — Initial Public Offering
||Stellar Acquisition III Inc.
|Price Per Share:
||Stellar Acquisition III Inc. (NASDAQ: STLRU) (the "Company" or "Stellar"), today announced the pricing of its initial public offering of 6,500,000 units at a price of $10.00 per unit. The units are expected to be listed on the NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "STLRU" beginning today. The closing of the Company's initial public offering is expected to be consummated on or about August 24, 2016. Each unit consists of one share of the Company's common stock and one warrant, enabling the holder thereof to purchase one share of common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on NASDAQ under the symbols "STLR" and "STLRW," respectively. Maxim Group LLC is acting as sole book-running manager for the offering. Chardan Capital Markets, LLC and EarlyBirdCapital, Inc. are acting as co-managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 975,000 units at the initial public offering price to cover over-allotments, if any.
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Stellar Acquisition III Inc. STLRU
August 26, 2016 3:55 PM Eastern