WASHINGTON -- (Business Wire)
Capitol Acquisition Corp. III (NASDAQ:CLACU, the “Company”) announced
today that it priced its initial public offering of 30,000,000 units at
$10.00 per unit for aggregate gross proceeds of $300,000,000. Each unit
consists of one share of common stock and one half of one warrant, each
whole warrant to purchase one share of common stock at a price of
$11.50. The underwriters have been granted a 30-day option to purchase
up to an additional 4,500,000 units offered by the Company to cover
over-allotments, if any. The units are expected to begin trading on the
NASDAQ on October 14, 2015 under the symbol “CLACU.”
The offering is expected to close on October 19, 2015, subject to
customary closing conditions.
Capitol Acquisition Corp. III is a newly organized blank check company
formed for the purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or other
similar business combination with one or more businesses or entities.
The Company’s efforts to identify a prospective target business will not
be limited to a particular industry or geographic region. Capitol
Acquisition Corp. III is led by Chairman and Chief Executive Officer
Mark D. Ein and President and Chief Financial Officer L. Dyson Dryden.
Citigroup, Deutsche Bank Securities and Credit Suisse are acting as
joint book-running managers of the offering.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on October 13, 2015.
The offering is being made only by means of a prospectus, copies of
which may be obtained from Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone:
1-800-831-9146, Email: batprospectusdept@citi.com,
Deutsche Bank Securities, 60 Wall Street, New York, NY 10005-2836,
Attention: Prospectus Group, Telephone: (800) 503-4611, Email: prospectus.cpdg@db.com
or Credit Suisse, One Madison Avenue, New York, NY 10010, Attention:
Prospectus Department, Telephone: (800) 221-1037, Email: newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that involve
risks and uncertainties. Forward looking statements are statements that
are not historical facts. Such forward-looking statements, including the
successful consummation of the Company’s initial public offering, are
subject to risks and uncertainties, which could cause actual results to
differ from the forward looking statements. The Company expressly
disclaims any obligations or undertaking to release publicly any updates
or revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect thereto or
any change in events, conditions or circumstances on which any statement
is based.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151013007003/en/
Contacts:
Capitol Acquisition Corp. III
L. Dyson Dryden, 646-661-2002
President
and Chief Financial Officer
Source: Capitol Acquisition Corp. III
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