Blank Check Companies

Covers SEC rules on blank check offerings

Adopted per the Penny Stock Reform Act of 1990
SEC summary
Final release 33-6932 1992

For blank check offerings

Must deposit securities issued and funds received
in a special account
Trading in the deposited securities is prohibited
Must disclose information regarding
acquisitions by the blank check company
Must provide purchasers with the right to get a refund
upon receipt of the information
Must return deposited funds to investors if an acquisition meeting specified criteria has not been consummated within 18 months after the initial offering date

Rule 419(a) Scope of the rule and definitions

Rule 419(b) Escrow deposit of securities and proceeds

Rule 419(c) Disclosure of offering terms

Rule 419(d) Probable acquisition

Rule 419(e) Release of deposited and funds securities

Rule 419(f) Financial statements

Trading in the deposited securities is prohibited

Prohibits trading in deposited securities

Prospectus delivery

Amendment to Rule 174

Healthcare Acquisition Partners

Form S-1 10.14.05
FTN Midwest Securities
Morgan Lewis / Sidley Austin

Affinity Media International

Form S-1 9.30.05
Maxim Group
Ellenoff Grossman / Lowenstein Sandler

Oracle Healthcare Acquisition

Form S-1 9.30.05

DG Acquisition

Amendment #3 11.02.05
Underwriting agreement
Selected dealers agreement
Willkie Farr / Morrison & Foerster

Cold Spring Capital

$120 mm offering of common stock and warrants
Deutsche Bank
Choate Hall / Bingham McCutchen
Final prospectus 11.14.05 Prices
Amendment #3 10.25.05

Grubb & Ellis Realty Advisors Inc

Form S-1 10.21.05

Charter (DE)
By-laws

Endeavors Acquisition

Firm mailings

Related Topics

Penny Stock Companies

Shell Companies

Clear Gif