American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE LISTS UNITS OF GLOBAL BRANDS ACQUISITION CORP. | ||
New York, December 7, 2007 — The American Stock Exchange® (Amex®) today lists the units of Global Brands Acquisition Corp. under the ticker symbol GQN.U. The company issued 25,000,000 units (excluding over-allotment) at $10.00 unit for gross proceeds of $250,000,000. Each unit consists of one share of common stock and one warrant. Initially, the units will be the only security trading. Citigroup Global Markets is the underwriter for this initial public offering. Global Brands Acquisition Corp. is a is a newly formed company organized for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock acquisition, stock purchase, reorganization or similar business combination, one or more operating business. The Company’s efforts in identifying a prospective target business will not be limited to a particular industry although the Company will focus its efforts on acquiring an operating business in the branded consumer industry. “We are pleased to welcome Global Brands Acquisition Corp.,” said Neal Wolkoff, Chairman and CEO of Amex. “We look forward to providing them with the solid support and services that are essential in today’s competitive marketplace.” The specialist for Global Brands Acquisition Corp. is Kellogg Capital Group, LLC. For further information on GQN.U and other Amex-listed companies, please visit www.amex.com. | ||
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 379 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.