Leopard Acquisition Corp. is another special purpose acquisition company, or SPAC, that has filed to come public via an initial public offering. It has filed to list on the American Stock Exchange, although a ticker has not been designated.
It lists that it will raise $175 million in unit sales, with each unit consisting of one share of common stock and one warrant with a strike price of $7.50. JPMorgan is listed as the sole underwriter for the offering.
The company describes itself as a blank check company without any segment focus, although it will focus on industries and businesses in the US and Europe that may offer significant opportunities for value creation for our stockholders.
We frequently issue comments and opinions on these in our open email distribution list.
Jon C. Ogg
March 27, 2008
Jon Ogg can be reached at jonogg@247wallst.com; he produces the Special Situation Investing Newsletter and he does not own securities in the companies he covers.
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