American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE LISTS UNITS OF SEANERGY MARITIME CORP. | ||
New York,September 25, 2007 — The American Stock Exchange® (Amex®) today lists the units of Seanergy Maritime Corp. under the ticker symbol SRG.U. The offering size is 22M units at $10.00 per unit for gross proceeds of $220M (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. Maxim Group LLC is lead underwriter on the IPO. Seanergy Maritime Corp. was recently organized for the purpose of effecting a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination with an unidentified operating business. The Company intends to focus on identifying unidentified operating business in the maritime shipping industry, but will not be limited to pursuing acquisition opportunities only within that industry. “We are pleased to welcome Seanergy Maritime Corp. to the American Stock Exchange,” said John McGonegal, Senior Vice President of Amex’s Equities Group. “The Amex looks forward to supporting Seanergy Maritime as it seeks to convey its value proposition to a greater number of investors.” The specialist in Seanergy Maritime Corp. will be HBH Specialists, LLC. For further information on SRG.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 337 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.