|By PR Newswire||
|September 3, 2014 08:45 AM EDT||
NEW YORK, Sept. 3, 2014 /PRNewswire/ -- Sino Mercury Acquisition Corp. (NASDAQ: SMACU) (the "Company") announced today that it has completed its initial public offering of 4,000,000 units. Each unit consists of one share of common stock, par value $.0001 per share, and one right to automatically receive one-tenth of one share of common stock upon consummation of an initial business combination. The units were sold at an offering price of $10.00 per unit, generating gross proceeds of $40,000,000 to the Company. Cantor Fitzgerald & Co. acted as the sole underwriter 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 Cantor Fitzgerald & Co., 499 Park Avenue, New York, NY 10022, Attn: Kevin Brennan, [email protected], 212-915-1970.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $40,000,000 (or $10.00 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of September 2, 2014 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be 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.
Sino Mercury Acquisition Corp. is a newly formed blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although the Company initially intends to focus on target businesses located in the People's Republic of China that operate in the non-traditional financial industry, including but not limited to microcredit companies, financial leasing companies and guarantors.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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.
President and Secretary
Sino Mercury Acquisition Corp.
SOURCE Sino Mercury Acquisition Corp.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
Oct. 26, 2016 09:30 PM EDT Reads: 635
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Oct. 26, 2016 09:00 PM EDT Reads: 581
Oct. 26, 2016 08:15 PM EDT Reads: 1,473
Oct. 26, 2016 08:00 PM EDT Reads: 1,418
Oct. 26, 2016 08:00 PM EDT Reads: 1,569
Oct. 26, 2016 07:30 PM EDT Reads: 389
Oct. 26, 2016 07:00 PM EDT Reads: 2,352
Oct. 26, 2016 06:30 PM EDT Reads: 1,090
Oct. 26, 2016 06:30 PM EDT Reads: 1,664
Oct. 26, 2016 06:15 PM EDT Reads: 1,152
Oct. 26, 2016 05:45 PM EDT Reads: 1,661
Oct. 26, 2016 05:30 PM EDT Reads: 1,519
Oct. 26, 2016 05:15 PM EDT Reads: 1,285
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Oct. 26, 2016 05:00 PM EDT Reads: 4,207
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 26, 2016 05:00 PM EDT Reads: 9,072