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		<title>Victory Acquisition Corp. to transfer the listing of its securities to NASDAQ following Touch Tunes acquisition</title>
		<link>http://www.spacinfo.com/2009/04/victory-acquisition-corp-to-transfer.html</link>
		<comments>http://www.spacinfo.com/2009/04/victory-acquisition-corp-to-transfer.html#comments</comments>
		<pubDate>Mon, 20 Apr 2009 04:12:07 +0000</pubDate>
		<dc:creator>rullichan</dc:creator>
				<category><![CDATA[Exchanges]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.spacinfo.com/?p=41</guid>
		<description><![CDATA[Victory Acquisition Corp. (NYSE Amex: VRY; VRY.WS; VRY.U), announced that, upon consummation of its previously-announced merger with TouchTunes Corporation, the SPAC will voluntarily transfer the listing of its common stock, warrants and units from the NYSE Amex to The NASDAQ Global Market. The SPAC expects that its common stock, warrants and units will begin trading [...]]]></description>
			<content:encoded><![CDATA[<p>Victory Acquisition Corp. (NYSE Amex: VRY; VRY.WS; VRY.U), announced  that, upon consummation of its previously-announced merger with  TouchTunes Corporation, the SPAC will voluntarily transfer the listing  of its common stock, warrants and units from the NYSE Amex to The NASDAQ  Global Market. The SPAC expects that its common stock, warrants and  units will begin trading on The NASDAQ Global Market on or about April  24, 2009 under the symbols TTUN, TTUNW and TTUNU, respectively.</p>
<p>The  Company is currently not in compliance with certain continued listing  standards of the NYSE Amex, as set forth in Section 704 of the NYSE Amex  Company Guide, due to its failure to hold an annual meeting during 2008  to elect directors. Victory will conduct a special meeting in lieu of  annual meeting on April 23, 2009 in order to, among other things,  approve the merger with TouchTunes and elect directors. Accordingly,  Victory will be in full compliance with the NYSE Amex’s continued  listing standards at such time.</p>
<p><a rel="nofollow" href="http://sec.gov/Archives/edgar/data/1386787/000119312509078621/dex991.htm">Read  the release here</a></p>
<div id="crp_related"><h3>Related Posts:</h3><ul><li><a href="http://www.spacinfo.com/2009/02/twenty-seven-spacs-are-threatened-with.html" rel="bookmark" class="crp_title">Twenty-Eight SPACs Are Threatened With AMEX Delisting Notices</a></li><li><a href="http://www.spacinfo.com/2009/04/tailwind-financial-inc-announces.html" rel="bookmark" class="crp_title">Tailwind Financial Inc Announces Liquidation</a></li><li><a href="http://www.spacinfo.com/2008/08/marathon-acquisition-corp-receives.html" rel="bookmark" class="crp_title">Marathon Acquisition Corp. Receives Consent From Warrant Holders to Amend Warrant Agreement, Clears Path to Shareholder Vote</a></li><li><a href="http://www.spacinfo.com/2009/02/china-healthcare-acquisition-announces.html" rel="bookmark" class="crp_title">China Healthcare Acquisition Corp SPAC Announces Record Date for Trust Fund Distribution</a></li><li><a href="http://www.spacinfo.com/2009/04/china-holdings-acquisition-corp.html" rel="bookmark" class="crp_title">China Holdings Acquisition Corp. Withdraws Offer to Acquire Bright World Precision Machinery Limited</a></li></ul></div>]]></content:encoded>
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		<title>Twenty-Eight SPACs Are Threatened With AMEX Delisting Notices</title>
		<link>http://www.spacinfo.com/2009/02/twenty-seven-spacs-are-threatened-with.html</link>
		<comments>http://www.spacinfo.com/2009/02/twenty-seven-spacs-are-threatened-with.html#comments</comments>
		<pubDate>Tue, 24 Feb 2009 07:05:23 +0000</pubDate>
		<dc:creator>rullichan</dc:creator>
				<category><![CDATA[AMEX]]></category>
		<category><![CDATA[Exchanges]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Trends]]></category>

		<guid isPermaLink="false">http://www.spacinfo.com/?p=76</guid>
		<description><![CDATA[Last week, twenty-eight SPACs, including the two we already reported on (KBL Healthcare Acquisition Corp. III and Tremisis Energy Acquisition Corp II), were issued notices for violating Section 704 of the NYSE Alternext US Company Guide because each of the nearly thirty SPACs did not hold an annual meeting of its stockholders during the year [...]]]></description>
			<content:encoded><![CDATA[<p>Last week, twenty-eight SPACs, including the two we already reported on  (KBL Healthcare Acquisition Corp. III and Tremisis Energy Acquisition  Corp II), were issued notices for violating Section 704 of the NYSE  Alternext US Company Guide because each of the nearly thirty SPACs did  not hold an annual meeting of its stockholders during the year ended  December 31, 2008.</p>
<p>A number of the SPACs, including Hicks  Acquisition Company I, Inc., Columbus Acquisition Corp., and Alyst  Acquisition Corp. have appealed to the Exchange to combine the annual  meeting that they need to have with their upcoming acquisition meetings  (during which shareholders will vote to approve or deny any proposed  transactions).</p>
<p>Those without any upcoming acquisitions votes will  most likely be compelled to hold a separate annual meeting, as will  those SPACs that have appealed to the exchange, if the exchange denies  their requests.</p>
<p>Here is the complete list of the affected SPACs:</p>
<ul>
<li>Advanced  Technology Acquisition Corp</li>
<li>Alternative Asset Management  Acquisition Corp.</li>
<li>Alyst Acquisition Corp.</li>
<li>Apex  Bioventures Acquisition Corporation</li>
<li>Capitol Acquisition Corp</li>
<li>China  Holdings Acquisition Corp.</li>
<li>Columbus Acquisition Corp.</li>
<li>Enterprise  Acquisition Corp.</li>
<li>Global Brands Acquisition Corp</li>
<li>Global  Consumer Acquisition Corp</li>
<li>Golden Pond Healthcare, Inc.</li>
<li>GSC  Acquisition Co</li>
<li>Hicks Acquisition Company I, Inc.</li>
<li>Ideation  Acquisition Corp</li>
<li>Inter-Atlantic Financial, Inc.</li>
<li>KBL  Healthcare Acquisition Corp. III</li>
<li>MBF Healthcare Acquisition  Corp</li>
<li>NRDC Acquisition Corp.</li>
<li>Prospect Acquisition Corp</li>
<li>Santa  Monica Media Corp</li>
<li>Secure America Acquisition Corporation</li>
<li>SP  Acquisition Holdings, Inc.</li>
<li>Stoneleigh Partners Acquisition  Corp</li>
<li>TM Entertainment and Media, Inc.</li>
<li>Tremisis Energy  Acquisition Corp II</li>
<li>Triplecrown Acquisition Corp.</li>
<li>United  Refining Energy Corp</li>
<li>Victory Acquisition Corp</li>
</ul>
<div id="crp_related"><h3>Related Posts:</h3><ul><li><a href="http://www.spacinfo.com/2009/04/victory-acquisition-corp-to-transfer.html" rel="bookmark" class="crp_title">Victory Acquisition Corp. to transfer the listing of its securities to NASDAQ following Touch Tunes acquisition</a></li><li><a href="http://www.spacinfo.com/2008/09/spac-alyst-acquisition-corp-agrees-to.html" rel="bookmark" class="crp_title">SPAC Alyst Acquisition Corp Agrees to Acquire China Networks Media Ltd.</a></li><li><a href="http://www.spacinfo.com/2008/08/spac-mbf-healthcare-acquisition-corp.html" rel="bookmark" class="crp_title">SPAC MBF Healthcare Acquisition Corp Restructures Transaction With Critical Homecare Solutions</a></li><li><a href="http://www.spacinfo.com/2009/02/china-healthcare-acquisition-announces.html" rel="bookmark" class="crp_title">China Healthcare Acquisition Corp SPAC Announces Record Date for Trust Fund Distribution</a></li><li><a href="http://www.spacinfo.com/2009/03/columbus-acquisition-corp-and.html" rel="bookmark" class="crp_title">Columbus Acquisition Corp and Integrated Drilling Equipment Company Boards Vote to Approve Transaction and File Preliminary Proxy for Shareholder Vote</a></li></ul></div>]]></content:encoded>
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		<title>Toronto Stock Exchange Proposes Listing of SPACs</title>
		<link>http://www.spacinfo.com/2008/09/toronto-stock-exchange-proposes-listing.html</link>
		<comments>http://www.spacinfo.com/2008/09/toronto-stock-exchange-proposes-listing.html#comments</comments>
		<pubDate>Fri, 12 Sep 2008 01:04:18 +0000</pubDate>
		<dc:creator>rullichan</dc:creator>
				<category><![CDATA[Exchanges]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[TSX]]></category>

		<guid isPermaLink="false">http://www.spacinfo.com/?p=88</guid>
		<description><![CDATA[According to an article by Leslie McCallum, the Toronto Stock Exchange (TSX) is proposing to permit the listing of special purpose acquisition corporations. Overview of SPACs Under Proposed TSX Rules: A SPAC must raise IPO proceeds of at least $30 million, with a minimum price per security of $5 Within three years of the IPO, [...]]]></description>
			<content:encoded><![CDATA[<p>According to an article by Leslie McCallum, the Toronto Stock Exchange  (TSX) is proposing to permit the listing of special purpose acquisition  corporations.</p>
<p>Overview of SPACs  Under Proposed TSX Rules:</p>
<ul>
<li>A SPAC must raise IPO  proceeds of at least $30 million, with a minimum price per security of  $5</li>
<li>Within three years of the IPO, the SPAC must acquire one or  more operating businesses with a combined minimum value of approximately  80% of the IPO proceeds, with the resulting issuer meeting TSX&#8217;s  original listing criteria</li>
<li>Founding securityholders&#8217; equity  interest in the SPAC must be at least 10%</li>
<li>The acquisition must  be approved by securityholders, excluding founders</li>
<li>Securities  issued in the IPO must have a conversion right and liquidation  distribution feature</li>
</ul>
<p><a href="http://www.mondaq.com/article.asp?articleid=65342">Link to  article</a></p>
<div id="crp_related"><h3>Related Posts:</h3><ul><li><a href="http://www.spacinfo.com/2009/01/china-healthcare-acquisition-corp-spac.html" rel="bookmark" class="crp_title">China Healthcare Acquisition Corp SPAC to Become Public Shell, Distribute Trust to Shareholders</a></li><li><a href="http://www.spacinfo.com/2009/04/victory-acquisition-corp-to-transfer.html" rel="bookmark" class="crp_title">Victory Acquisition Corp. to transfer the listing of its securities to NASDAQ following Touch Tunes acquisition</a></li><li><a href="http://www.spacinfo.com/2008/04/ladenburg-thalmann-co-begins-issuing.html" rel="bookmark" class="crp_title">Ladenburg Thalmann &#038; Co. Begins Issuing Research on SPACs, First Rating Unsurprisingly a &#8220;Buy&#8221;</a></li><li><a href="http://www.spacinfo.com/2009/02/twenty-seven-spacs-are-threatened-with.html" rel="bookmark" class="crp_title">Twenty-Eight SPACs Are Threatened With AMEX Delisting Notices</a></li><li><a href="http://www.spacinfo.com/2010/06/57th-street-announces-closing-of-over-allotment-option.html" rel="bookmark" class="crp_title">57th Street Announces Closing of Over-Allotment Option</a></li></ul></div>]]></content:encoded>
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