Asia Special Situation Acquisition Corp. has filed to come public via an IPO. This is a Cayman-based blank check company that has signaled it will sell 11.5 million units at $10.00 per unit. Each unit fits the classic 1 share and 1 warrant per unit. By the name you probably figured it isn’t a grovery store in Alabama.
The company is looking for acquisitions and/or investment opportunities in Asia. It is not limited to any one area for any focal targets, but it initially intends to focus our efforts on acquiring an operating business in the leisure and hospitality or financial services industries that provides products or services to customers in China.
The offering is being underwritten by Maxim Group, LLC. The entity will list on the American Stock Exchange, but it doesn’t appear that a ticker has been reserved as of the filing date.
Jon C. Ogg
August 7, 2007
Jon Ogg can be reached at email@example.com; he does not own securities in the companies he covers.