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Slideshow IPOs

By The Online Investor Staff, updated Mon., Aug. 3, 9:20 PM

Slide #3. Easterly Acquisition Corp. Initial Public Offering

Company: Easterly Acquisition Corp.
Proposed Symbol: EACQU
Shares Offered: 18,000,000
Price Per Share: $10.00
Over-Allotment: 2,700,000
Description: Easterly Acquisition Corp. ("Easterly"), a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with an intended focus on those companies operating in the financial services industry, today announced the pricing of its initial public offering (the "IPO") of 18,000,000 units at a price of $10.00 per unit. The units will be listed on the NASDAQ Capital Market and trade under the ticker symbol "EACQU" beginning July 30, 2015. Each unit consists of one share of common stock and one-half of one warrant. Each whole warrant is exercisable to purchase one share of Easterly's common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on the NASDAQ Stock Market under the symbols "EACQ" and "EACQW," respectively. Easterly has granted the underwriters a 45-day option to purchase up to an additional 2,700,000 units at the initial public offering price to cover over-allotments, if any.

IPOs: Easterly Acquisition Corp.

August 3, 2015    9:20 PM Eastern

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