SPAC Stock/Warrant Separation: BPW Acquisition Corp. (BPW.U, BPW.WS, BPW)

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BPW Acquisition Corp. (AMEX: BPW.U) is another one of these special purpose acquisition companies ("SPAC") that came public in recent weeks.  The SPAC has announced that, starting today, April 1, 2008, its unit-holders from its initial public offering completed on March 3, 2008, may now elect to separately trade the common stock and warrants included in the units.  Those units not separated will continue to trade on the AMEX under the symbol "BPW.U", and each of the common stock and warrants will trade on the American Stock Exchange under the symbol "BPW" and "BPW.WS", respectively.

We frequently discuss IPO’s, back door plays into IPO’s, SPAC’s, spin-offs, and more on our open email distribution list.

Jon C. Ogg
April 1, 2008

Jon Ogg produces the Special Situation Investing Newsletter and he can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.