American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE LISTS UNITS OF HECKMANN CORPORATION | ||
New York, November 13, 2007 — The American Stock Exchange® (Amex®) listed the units of Heckmann Corporation under the ticker symbol HEK.U. The offering consists of 50M units at $8.00 per unit for gross proceeds of $400M (excluding the underwriters’ over-allotment option). Each unit consists of one share of common stock and one warrant. Initially, the units will be the only security trading. The common stock (HEK) and warrants (HEK.WS) have also been approved for listing on the American Stock Exchange and can be traded separately from and after the fifth business day after the exercise or expiration of the underwriters’ over-allotment option. Credit Suisse Securities (USA) LLC and Roth Capital Partners are joint bookrunners on the IPO with Morgan Joseph as co-manager. Located in Palm Desert, California, Heckmann Corporation is a company recently formed for the purpose of acquiring, or acquiring control of, one or more operating businesses through a merger, capital stock exchange, asset acquisition, stock purchase, exchangeable share transaction or other similar business combination. The prospective target business will not be limited to a particular industry or geographic region. “Heckmann Corporation is a welcome addition to our host of innovative listings on the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of Amex. “We look forward to supporting the Company as it seeks to convey its value proposition to a greater number of investors.” The specialist for Heckmann Corporation is Kellogg Capital Group, LLC. For further information on HEK.U and other Amex-listed companies, please visit www.amex.com. | ||
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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 373 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.