Re: LFC Sold to NESV (New England Sports Ventures)
Hicks Acqusition Company II, Inc. Announces Pricing of Initial Public Offering
DALLAS--(BUSINESS WIRE)--Hicks Acquisition Company II, Inc., (“Hicks II†or the “Companyâ€), a special purpose acquisition company, today announced that it has priced its initial public offering of 15,000,000 units. The units were sold at an offering price of $10.00 per unit and consist of one share of the Company’s common stock and one warrant. Each warrant entitles the holder to purchase one share of the Company’s common stock at an exercise price of $12.00, subject to adjustment. The Company has also granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units to cover over-allotments. It is anticipated that the units will initially be quoted on the Over-the-Counter Bulletin Board quotation system, or the OTCBB, under a yet to be determined symbol, on or promptly after October 11, 2010.
Citi is acting as sole book-running manager and Deutsche Bank Securities is acting as co-manager for the offering.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission on October 8, 2010. A copy of the final prospectus related to the offering will be filed with the Securities and Exchange Commission and can be obtained, when available, from Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220; Telephone: 877-858-5407 begin_of_the_skype_highlighting 877-858-5407 end_of_the_skype_highlighting.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered securities, nor shall there be any sale of such securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. This offering is being made solely by means of a prospectus.
About Hicks Acquisition Company II, Inc.
Hicks Acquisition Company II, Inc. is a special purpose acquisition company founded by Thomas O. Hicks and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It currently has no operating businesses.
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