American Stock Exchange Lists Units of Granahan McCourt Acquisition Corporation
19 Oktober 2006 - 5:16PM
PR Newswire (US)
NEW YORK, Oct. 19 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today listed the units of Granahan McCourt Acquisition
Corporation under the ticker symbol GHN.U. The offer size is
11,250,000 units at $8.00 per unit for gross proceeds of $ 90M
(excluding the over-allotment). One unit equals one share of common
stock and one warrant. Initially, the units will be the only
security trading. The IPO is underwritten by Deutsche Bank.
Granahan McCourt Acquisition Corporation (the "Company") is a newly
organized company formed for the purpose of acquiring or acquiring
control of one or more assets or operating businesses in the
telecommunications and media industries through a merger, capital
stock exchange, asset or stock acquisition or other similar
business combination. Granahan McCourt will focus on opportunities
created by the surge in video traffic over the internet. "The
American Stock Exchange is pleased to welcome Granahan McCourt
Acquisition Corp. to our market," said John McGonegal, Senior Vice
President of Amex's Equities Group. "As a newly formed company
entering an emerging marketplace, we believe Granahan McCourt
Acquisition can benefit from the host of services the Amex provides
its listed entities." The specialist in Granahan McCourt
Acquisition Corporation will be Kellogg Capital Group, LLC. For
further information on GHN.U and other Amex-listed companies,
please visit http://www.amex.com/. The American Stock Exchange(R)
(Amex(R)) offers trading across a full range of equities, options
and exchange traded funds (ETFs), including structured products and
HOLDRS(SM). 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 208 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. For more information, please visit http://www.amex.com/
DATASOURCE: The American Stock Exchange CONTACT: Catherine
Chantharaj of American Stock Exchange, +1-212-306-1689, Web site:
http://www.amex.com/
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