The American Stock Exchange lists the units of Sports Properties Acquisition Corporation under the ticker symbol HMR.U. The company issued 20,000,000 units (excluding over-allotment) at $10.00 unit for gross proceeds of $200,000,000.
Each unit consists of one ordinary share of common stock and one warrant. Initially, the units will be the only security trading. Banc of America Securities LLC is the lead underwriter on the IPO.
Sports Properties Acquisition Corporation is a newly formed company organized for the purpose of effecting a merger, capital stock exchange, asset stock acquisition, exchangeable share transaction or other similar business combination with one or more domestic or international operating businesses in the sports, leisure or entertainment industries.
“We are pleased to welcome Sports Properties Acquisition Corporation to the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of Amex. “We look forward to providing them with the tools and services that will create an environment for growth and visibility in the marketplace.”
Andrew Murstein, President of Medallion Financial Corp. and Vice Chairman of Sports Properties Acquisition Corp., stated, “On behalf of myself, and fellow board members, Hank Aaron, Jack Kemp, Mario Cuomo, and Richard Mack, as well as our management team and advisors, Tony Tavares, Larry Hall, Randy Vataha, and Bob Caporale; we are thrilled to be listed on the American Stock Exchange. We intend to leverage the extensive relationships of our management team and board to identify and complete an attractive business combination.” -- www.amex.com
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
