SPAC IPO FILING: Oasis Group, Inc.

Oasis Group, Inc. is yet another special purpose acquisition company, or SPAC, that has filed to come public via an IPO. The company has filed to raise $300 million with a sale of 30 million units, with each unit consisting of 1 share at $10.00 per share and 1 warrant with a $7.50 strike price. The sole book-runner is listed as Bear Stearns and it will trade under the ticker “OGH” on AMEX. While no business has been set in stone, its first objective is to acquire businesses or assets in the lodging or hospitality sectors, with a particular focus…
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  4 March, 2008| Economy | @ 21:57

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