Hunter Maritime Acquisition [ds_preview]Corp., a company formed by the Saverys family, announced its initial public offering (IPO) with 15 mill. units at a price of $10.00 per unit. This new special purpose acquisition company (SPAC) is expected to be listed on the NASDAQ Capital Market (NASDAQ).
Each unit consists of one Class A common share of the Company and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one Class A common share of the Company. The Company will grant the underwriters a 45-day option to purchase up to 2.25 mill. additional units.
Morgan Stanley is acting as sole book-running manager for the offering. I-Bankers Securities, Inc. and KBC Securities USA, Inc. are acting as co-managers for the offering. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective.
Hunter Maritime Acquisition Corp. is a blank cheque company formed by Belgium‘s Saverys family less than a year after delisting CMB (Compagnie Maritime Belge) in Belgium. The plan ist to raise up to 150 mill. $ and to acquire companies and assets (vessels, vessel contracts) across the bulker, tanker and other sectors of the industry.
Chairman Marc Saverys (Saverco NV) is the principal shareholder of oil tanker operator Euronav, which went public in the US in early 2015. The new vehicle will be a family affair with sons Alexander and Ludovic Saverys as Chief Executive and Chief Financial Officer respectively.
Alexander set up boxship owner Delphis in 2004 and was CEOÂ of CMB when the family took the company private. Ludovic is a director of Euronav and is also CFOÂ of CMB.
