NEW YORK, Sept. 24, 2014 /PRNewswire/ -- Sino Mercury
Acquisition Corp. (NASDAQ: SMACU) (the "Company") announced today
that it has completed the sale of 80,100 units pursuant to the
45-day over-allotment option granted to the underwriter in its
initial public offering to purchase up to an additional 600,000
units. Each unit consists of one share of common stock, par
value $.0001 per share, and one right
to automatically receive one-tenth of one share of common stock
upon consummation of an initial business combination. The
units sold pursuant to the over-allotment option were sold at an
offering price of $10.00 per unit,
generating gross proceeds of $801,000. Including the net proceeds from
the partial exercise of the over-allotment option, a total of
$40,801,000 (or $10.00 per unit sold in the initial public
offering including the over-allotment option) has been placed in
trust for the benefit of public stockholders. Cantor
Fitzgerald & Co. acted as the sole underwriter of the initial
public offering. Copies of the final prospectus relating to
the offering may be obtained for free by visiting the U.S.
Securities and Exchange Commission website at
http://www.sec.gov. Alternatively, a copy of the prospectus
relating to the offering may be obtained from Cantor Fitzgerald
& Co., 499 Park Avenue, New York,
NY 10022, Attn: Kevin
Brennan, kbrennan@cantor.com, 212-915-1970.
Sino Mercury Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, capital stock
exchange, asset acquisition or other similar business combination
with one or more businesses or entities. The Company's efforts to
identify a prospective target business will not be limited to any
particular industry or geographic region, although the Company
initially intends to focus on target businesses located in
the People's Republic of China
that operate in the non-traditional financial industry, including
but not limited to microcredit companies, financial leasing
companies and guarantors.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements
are statements that are not historical facts. Such
forward-looking statements, based upon the current beliefs and
expectations of the Company's management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements.
Contact:
Richard
Xu
President and Secretary
Sino Mercury Acquisition Corp.
(646) 912-8918
SOURCE Sino Mercury Acquisition Corp.