American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE LISTS UNITS OF PROSPECT ACQUISITION CORP. | ||
New York, November 15, 2007 — The American Stock Exchange® (Amex®) today lists the units of Prospect Acquisition Corp. under the ticker symbol PAX.U. The offering size is 25,000,000 units at $10.00 per unit for gross proceeds of $250,000,000 (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. Citigroup Global Markets Inc. is lead underwriter on the IPO with Ladenburg Thalmann & Co. and I-Bankers Securities, Inc. as co-managers. Prospect Acquisition Corp. was recently organized for the purpose of acquiring, or acquiring control of, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, one or more businesses or assets with focus in the financial services industry. “We are pleased to welcome Prospect Acquisition Corp to the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of Amex. “The Amex looks forward to supporting Prospect Acquisition Corp. as it seeks to convey its value proposition to a greater number of investors.” The specialist in Prospect Acquisition Corp. will be Weiskopf, Silver & Co. For further information on PAX.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 375 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.