Business News • MarketWire • Nautilus Marine Acquisition Corporation's Common Stock and Warrants to Commence Trading Separately on August 29, 2011 |
Nautilus Marine Acquisition Corporation's Common Stock and Warrants to Commence Trading Separately on August 29, 2011 |
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Nautilus Marine Acquisition Corporation's Common Stock and Warrants to Commence Trading Separately on August 29, 2011
NEW YORK, NY--(Marketwire - Aug 15, 2011) - Nautilus Marine Acquisition Corporation (the "Company") (NASDAQ: NMARU) announced today that Maxim Group LLC, the representative of the underwriters of its initial public offering of units, which was consummated on July 20, 2011, has notified the Company that it will not be exercising its over-allotment option and that commencing on Monday, August 29, 2011, the units issued in the initial public offering will automatically separate into the common stock and warrants underlying the units. Upon commencement of trading on that date, the common stock and warrants will trade separately on the Nasdaq Capital Market under the symbols "NMAR" and "NMARW," respectively. The units, which are currently listed on the Nasdaq Capital Market under the symbol "NMARU," will no longer be listed on the Nasdaq Capital Market following the separation.
View More : http://www.marketwire.com/mw/release.do?id=1549895&sourceType=3
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