SPAC IPO FILING: K Road Acquisition Corp.

K Road Acquisition Corporation, a SPAC, or special purpose acquisition company, submitted an IPO filing last Friday. The filing shows $300 million proceeds targeted at $10.00 per unit, each unit will consist of one share of stock and one warrant. The total proposed maximum aggregate amount in securities is listed as $345,000,000 in securities, although this number is merely for filing purposes. The lead underwriter is listed as Credit Suisse. It has requested to be listed on American Stock Exchange. The filing specifies that they will focus on the North American energy industry, particularly on power sector businesses or assets….
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  4 February, 2008| Economy | @ 23:08

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