NEW YORK, May 4, 2015 /PRNewswire/ -- Atlantic Alliance
Partnership Corp. (NASDAQ: AAPC) today announced the closing of its
previously announced initial public offering of 7,687,500 ordinary
shares (which includes a partial exercise by the underwriters of
their over-allotment option in the amount of 187,500 shares) at
$10.00 per share for gross proceeds
to the Company of $76,875,000.
Atlantic Alliance Partnership Corp. is a company formed for the
purpose of acquiring, engaging in a share exchange, share
reconstruction and amalgamation, contractual or control arrangement
with, purchasing all or substantially all of the assets of, or
engaging in any other similar initial business combination with one
or more businesses or entities. The proceeds of the offering
will be used to fund such business combination.
The shares are listed on The NASDAQ Capital Market under the
symbol "AAPC." Citigroup acted as the sole bookrunner for the
offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
Tuesday, April 28, 2015. This
offering is being made only by means of a prospectus, copies of
which may be obtained from: Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; (Tel: 800-831-9146).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any State or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such State or
jurisdiction.
Information Concerning Forward-Looking Statements:
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements, other than
statements of historical facts, included in this press
release that address activities, events or developments that
Atlantic Alliance Partnership Corp. expects or anticipates will or
may occur in the future are forward-looking statements. These
statements are subject to a number of risks and uncertainties,
including, but not limited to the following: changes in general
economic, market or business conditions; the opportunities (or lack
thereof) that may be presented to and pursued by the Company;
changes in laws or regulations; and other factors, many of which
are beyond the control of Atlantic Alliance Partnership Corp.
Information concerning these and other factors can be found in the
Company's filings with the Securities and Exchange Commission (the
"SEC"), including those set forth in the Risk Factors section of
the Company's registration statement and prospectus for the
Company's offering filed with the SEC. Copies are available
on the SEC's website, www.sec.gov. Atlantic Alliance
Partnership Corp. disclaims any obligation to update or revise any
forward-looking statements after the date of this release, except
as may be required by law.
Contact on Behalf of Atlantic Alliance Partnership Corp.:
Jonathan Mitchell
c/o Atlantic Alliance Partnership Corp.
590 Madison Avenue
New York, NY 10022
(212) 409-2434
jmitchell@aapcacq.com
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SOURCE Atlantic Alliance Partnership Corp.
