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CIS Acquisition Prices IPO Of 4.00 Mln Units At $10.00 Per Unit

12/19/2012 6:19 PM ET

CIS Acquisition Ltd. (CISAU: Quote) 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.

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by RTT Staff Writer

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