Services Acquisition Corp. International Announces Exercise of
Over-Allotment Option by Underwriters
NEW YORK, July 8 /PRNewswire-FirstCall/ -- Services Acquisition Corp. International (AMEX:SVI.U) (the "Company") announced today that the
underwriters of the Company's recent initial public offering acquired an
additional 2,250,000 Units ("Units") pursuant to the over-allotment option
granted to the underwriters. Each Unit consists of one share of Common Stock,
$.001 par value per share ("Common Stock"), and one warrant ("Warrant") to
purchase one share of Common Stock. The Units were sold at an offering price of
$8.00 per Unit.
An audited balance sheet of the Company as of July 7, 2005 reflecting exercise
of the over-allotment option is included as Exhibit 99.1 to a Current Report on
Form 8-K filed by the Company with the Securities and Exchange Commission.
A registration statement relating to these securities was filed and declared
effective by the Securities and Exchange Commission. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy the
securities of Services Acquisition Corp. International, nor shall there be any
sale of these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. This public
offering will be made only by means of a prospectus, copies of which may be
obtained from Broadband Capital Management LLC.
Contact:
Thomas E. Aucamp
Vice President
Services Acquisition Corp. International
(954) 713-1165
DATASOURCE: Services Acquisition Corp. International CONTACT: Thomas E. Aucamp, Vice President, Services Acquisition Corp.
International, +1-954-713-1165
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