American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE LISTS UNITS OF INTER-ATLANTIC FINANCIAL, INC. | ||
New York, October 3, 2007 — The American Stock Exchange® (Amex®) today lists the units of Inter-Atlantic Financial, Inc. under the ticker symbol IAN.U. The offering size is 7.5M units at $8.00 per unit for gross proceeds of $60M (excluding the underwriters’ over-allotment option). One unit equals one share of common stock and one warrant. Initially, the units will be the only security trading. The IPO’s lead underwriter is Morgan Joseph & Co with Sandler O’Neill & Partners, L.P., Legend Merchant Group and GunnAllen Financial as co-managers. Inter-Atlantic Financial, Inc. is a newly organized company formed for the purpose of acquiring, or acquiring control of, through a merger, capital stock exchange, asset acquisition, stock purchase, or other similar business combination, an unidentified domestic and or foreign operating business focused in the financial services industry. “We are very pleased to welcome Inter-Atlantic Financial to the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of Amex. “In listing at the Amex, we will be able to offer Inter-Atlantic the value-added services that a growing company needs to succeed in today’s competitive market.” “Inter-Atlantic Financial is very pleased to be trading on the American Stock Exchange, and we believe that trading on a national exchange will benefit the Company,” said Andrew S. Lerner, Inter-Atlantic Financial’s Chief Executive Officer. The specialist in Inter-Atlantic Financial, Inc. will be HBH Specialists, LLC. For further information on IAN.U and other Amex-listed companies, please visit www.amex.com.
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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 342 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.