DGAP-News: Global Defense&National Security Systems, Inc. Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option
(firmenpresse) - Global Defense&National Security Systems, Inc.
29.10.2013 16:33
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NEW YORK, 2013-10-29 16:33 CET (GLOBE NEWSWIRE) --
Global Defense&National Security Systems, Inc. (the 'Company') (Nasdaq:GDEF),
a newly-organized blank check company formed for the purpose of acquiring or
merging with an operating business in the U.S. defense and national security
sectors, today announced the closing of its initial public offering of
6,900,000 shares of common stock, including 900,000 shares issued upon the
exercise in full of the over-allotment option granted to the underwriters. The
offering was priced at $10.00 per share, resulting in gross proceeds of
$69,000,000.
The Company's shares of common stock began trading on the NASDAQ Capital Market
under the ticker symbol GDEF on October 24, 2013. Cowen and Company, LLC acted
as bookrunning manager of the offering, and Maxim Group LLC and I-Bankers
Securities, Inc. acted as co-managers of the offering.
The Company has deposited $72,795,000, or $10.55 per share, into a trust
account maintained by American Stock Transfer&Trust Company LLC 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.
A registration statement relating to the shares of common stock was declared
effective by the Securities and Exchange Commission on October 24, 2013. 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 shares 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.
Copies of the final prospectus relating to the offering, when available, may be
obtained for free by visiting the U.S. Securities and Exchange Commission
website at http://www.sec.gov. Alternatively, copies of the prospectus related
to this offering may be obtained from Cowen and Company LLC at c/o Broadridge
Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn:
Prospectus Department, Phone: (631) 274-2806, Fax: (631) 254-7140.
CONTACT: Media contacts:
Dale R. Davis, President&CEO
Global Defense&National Security Systems, Inc.
T: (202) 800-4333
E: dale.davis(at)globalgroup.com
Tim Matthews, Director of Communications
Global Strategies Group
T: +44 7979 363 701
E: tim.matthews(at)globalgroup.com
News Source: NASDAQ OMX
29.10.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Global Defense&National Security Systems, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
WKN:
End of Announcement DGAP News-Service
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Themen in dieser Pressemitteilung:
global-defensenational-security-systems
inc-announces-closing-of-initial-public-offering-and-full-exercise-of-over
allotment-option
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2013 - 16:33 Uhr
Sprache: Deutsch
News-ID 310449
Anzahl Zeichen: 3180
contact information:
Kategorie:
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