ST. LOUIS, Aug. 14, 2013 /PRNewswire/ — Quinpario Acquisition Corp. (NASDAQ: QPACU), a special purpose acquisition company (SPAC) formed by Mr. Jeffry N. Quinn and Quinpario Partners LLC, today announced that it has completed its initial public offering of 17,250,000 units at $10.00 per unit, for gross proceeds to the company of $172,500,000, which includes the underwriters’ exercise of their over-allotment option in full. The units are listed on the Nasdaq Capital Market under the symbol “QPACU”. Each unit consists of one share of common stock and one warrant to purchase an additional share at a price of $12.00.
“Quinpario Acquisition Corp. will leverage the experience of its executive leadership to target opportunities in the specialty chemicals and performance materials sectors, primarily focusing on acquiring companies with an enterprise value of up to $1 billion,” said Mr. Jeffry N. Quinn, chairman, president and chief executive officer of Quinpario Acquisition Corp.
C&Co/PrinceRidge LLC acted as the sole book running manager and representative of the underwriters in the offering. Cantor Fitzgerald & Co. and Drexel Hamilton, LLC acted as co-managers.
