CIS Acquisition Ltd. (CISAU) announced the pricing of its initial public offering and commencement of public trading on December 19, 2012. The initial public offering was of an aggregate of 4.00 million units at $10.00 per unit. Each unit consists of one share of common stock and one warrant. The underwriters have a 45-day option to purchase up to an additional 360,000 units from the Company at the initial public offering price to cover over-allotments, if any.
The company also announced the completion of a private placement of 4.50 million warrants at $0.75 per warrant to members of its founding shareholders.
Chardan Capital Markets, LLC is acting as lead managing underwriter and sole bookrunner of the offering. Maxim Group LLC, C&Co/PrinceRidge LLC, and Euro Pacific Capital, Inc. are acting as co-managers of the offering.
CIS Acquisition Ltd. is an innovated public acquisition company recently formed to acquire through a merger, stock exchange, asset acquisition, stock purchase or similar acquisition transaction, one or more operating businesses.
by RTT Staff Writer
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