GHL Acquisition Corp. Announces Expected Transfer of Listing to Nasdaq
September 11 2009 - 4:52PM
PR Newswire (US)
NEW YORK, Sept. 11 /PRNewswire-FirstCall/ -- GHL Acquisition Corp.
("GHL Acquisition") (NYX: GHQ, GHQ.WS and GHQ.U) announced today
that it has submitted an application to list its common stock,
warrants and units, and expects to begin trading, on the Nasdaq
Stock Market on September 24, 2009, under the symbols IRDM, IRDMW
and IRDMU, respectively. GHL Acquisition's common stock, warrants
and units will continue to trade on the NYSE Amex under the symbols
GHQ, GHQ.WS and GHQ.U, respectively, through the end of the trading
day on September 23, 2009. The expected transfer of GHL
Acquisition's listing and change in symbol are taking place in
connection with the proposed acquisition by GHL Acquisition of
Iridium Holdings LLC, which is subject to approval by the
stockholders of GHL Acquisition. A special meeting of GHL
Acquisition's stockholders to vote on the acquisition has been
scheduled for September 23, 2009 at 4:00 p.m. Eastern Time.
Immediately following the closing of the proposed acquisition, GHL
Acquisition will change its name to Iridium Communications Inc.
About GHL Acquisition Corp. GHL Acquisition is a special purpose
acquisition company launched in February 2008 in an initial public
offering raising $400 million of gross proceeds. Founded by
Greenhill & Co., GHL Acquisition was formed for the purpose of
acquiring, or acquiring control of, through a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination, one or more businesses or assets. It
currently has no operating businesses. Forward-Looking Statements
and Other Disclosure This press release contains, and GHL
Acquisition's management may make, certain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. The words "anticipates," "may," "can,"
"believes," "expects," "projects," "intends," "likely," "will," "to
be" and other expressions that are predictions of or indicate
future events, trends or prospects identify forward-looking
statements. These forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of GHL Acquisition to
differ materially from any future results, performance or
achievements expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not
limited to, uncertainties regarding the timing of the proposed
transaction with Iridium, whether the transaction will be approved
by GHL Acquisition's stockholders, whether the closing conditions
will be satisfied (including receipt of regulatory approvals), as
well as industry and economic conditions, and competitive, legal,
governmental and technological factors. There is no assurance that
GHL Acquisition's expectations will be realized. If one or more of
these risks or uncertainties materialize, or if GHL Acquisition's
underlying assumptions prove incorrect, actual results may vary
materially from those expected, estimated or projected. GHL
Acquisition's forward-looking statements speak only as of the date
of this press release or as of the date they are made, and, except
as required by law, GHL Acquisition undertakes no obligation to
update forward-looking statements. This press release is for
informational purposes only and does not constitute an offer of any
securities for sale. Contact: James Babski GHL Acquisition Corp.
+1-212-372-4180 DATASOURCE: GHL Acquisition Corp. CONTACT: James
Babski, GHL Acquisition Corp., , +1-212-372-4180
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