HF2 Financial Management Inc. Completes Initial Public Offering
28 March 2013 - 4:14AM
HF2 Financial Management Inc. (Nasdaq:HTWO) (the "Company")
announced today that it has completed its initial public offering
of 15,300,000 shares of Class A Common Stock (the "Public Shares").
The shares were sold at an offering price of $10.00 per share,
generating gross proceeds of $153,000,000 to the Company. In
addition, the Company has granted the underwriters a 45-day
over-allotment option to purchase up to an additional 2,295,000
shares. EarlyBirdCapital, Inc. and Sandler O'Neill + Partners, L.P.
acted as joint book running managers of the initial public
offering. Copies of the final prospectus relating to the offering
may be obtained for free by visiting the U.S. Securities and
Exchange Commission website at http://www.sec.gov. Alternatively, a
copy of the prospectus relating to the offering may be obtained
from EarlyBirdCapital, Inc., 275 Madison Avenue, 27th Floor, New
York, New York 10016 or from Sandler O'Neill + Partners, L.P., 1251
Avenue of the Americas, 6th Floor, New York, New York 10020.
The Company has deposited $160,650,000 (including $14,148,750 of
proceeds from the sale of 1,414,875 shares of Class A Common Stock
to the Company's sponsors in a private placement), or $10.50 per
Public Share, into a trust account maintained by Continental Stock
Transfer & Trust Company acting as the trustee. The funds will
not be released from the trust account except under certain limited
circumstances as described in the prospectus relating to the
offering.
Audited financial statements as of March 27, 2013 reflecting
receipt of the proceeds upon the consummation of the initial public
offering will be issued by the Company and included as Exhibit 99.1
to a Current Report on Form 8-K to be filed by the Company with the
Securities and Exchange Commission.
HF2 Financial Management Inc. is a newly formed blank check
company formed for the purpose of entering into a merger, share
exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination. The Company's
efforts to identify an initial prospective target business will not
be limited to any particular industry or geographic region,
although the Company intends to focus its search on companies
operating in the financial services industry.
A registration statement relating to the Public Shares was filed
and declared effective by the Securities and Exchange Commission on
March 21, 2013. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy, nor will 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.
All questions and inquiries for further information should be
directed to Richard S. Foote, President and Chief Executive Officer
of the Company. He can be reached via telephone at
212-207-1012.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, based upon the current beliefs and expectations of the
Company's management, are subject to risks and uncertainties, which
could cause actual results to differ from the forward looking
statements.
ZAIS Group Holdings, Inc. (NASDAQ:ZAIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
ZAIS Group Holdings, Inc. (NASDAQ:ZAIS)
Historical Stock Chart
From Jul 2023 to Jul 2024