Energy Infrastructure Acquisition Corp. Receives Delisting Notice From the New York Alternext US LLC
26 November 2008 - 10:14PM
Marketwired
Energy Infrastructure Acquisition Corp. (AMEX: EII) (AMEX: EIIW)
("Energy Infrastructure" or the "Company") today reported that it
has received a letter from the NYSE Alternext US LLC, formerly the
American Stock Exchange ("Exchange"), confirming the intent of the
Exchange to strike the common stock and warrants of the Company
from the Exchange by filing a delisting application with the
Securities and Exchange Commission ("SEC") pursuant to Section
1009(d) of the Exchange's Company Guide.
The letter indicated that as a result of the Company's initial
liquidating distribution of the trust account on November 13, 2008,
of $10.0525 per share to the holders of shares of common stock
purchased in the Company's initial public offering, the Company has
become subject to Sections 1003(c)(iii) and 1002(e) of the
Exchange's Company Guide. Section 1003(c)(iii) states that the
Exchange will normally consider suspending dealings in, or removing
from the list, securities of an issuer when advice has been
received, deemed by the Exchange to be authoritative, that the
security is without value, and Section 1002(e) states that the
Exchange, as a matter of policy, will consider the suspension of
trading in, or removal from listing, any security when, in the
opinion of the Exchange, an event shall occur or a condition shall
exist which makes further dealings on the Exchange unwarranted.
The Company is continuing its process of dissolution and
liquidation of the trust account and does not intend to take any
specific actions in response to the Exchange's letter.
About Energy Infrastructure
Energy Infrastructure is a blank check company that was formed
for the specific purpose of consummating a business combination.
Energy Infrastructure raised net proceeds of approximately $209.3
million, after partial exercise of the underwriter's over-allotment
option, through its initial public offering consummated in July
2006.
Contact: Energy Infrastructure Acquisition Corp. 1105 North
Market Street, Suite 1300 Wilmington, Delaware 19801 Investor
Relations / Financial Media: Nicolas Bornozis President Capital
Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel: +1
212 661 7566 Email: nbornozis@capitallink.com
www.capitallink.com
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