S&P 500
7,615.40
-0.09%
Dow Jones
51,327.00
-0.09%
Nasdaq 100
30,644.80
-0.23%
Russell 2000
2,928.08
-0.17%
FTSE 100
10,381.30
-0.06%
Nikkei 225
68,144.20
+0.95%

Investing

Blank-Check IPO Filing: Adabra 2 Acquisition Corp.

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Aldabra 2 Acquisition Corp. has made its SEC Filing for a proposed IPO.  It is seeking to raise up to $200 million in stocks and warrants in a unit sale for its IPO.  It lists 20 million units, so it is going for the typical $10.00 pricing. 
The company lists Lazard Capital Markets as the lead underwriter and lists Pali Capital in the prospectus as well.  Aldabra 2 was just formed on February 1, 2007 and management has already been involved in blank check operations.  If you want to find out more about Aldabra 1, this is now a fairly large holder (still a minoirity holder) of Great Lakes Dredge & Dock (GLDD-NASDAQ).  That will give you an idea of how the company operated its first Blank Check company.

The full SEC filing can be accessed here if you want to peruse the filing.

Jon C. Ogg
March 19, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Blank Check IPO Filing: Inter-Atlantic Financial

Another blank check company has also filed to come public via an IPO today.  Inter-Atlantic Financial has filed to sell…

Jon C. Ogg |

Blank Check Company Files For IPO: MONGOLIA, Chasing Genghis Khan

The recession pretty much killed blank check companies and special purpose acquisition companies (or SPACs).  After more than two years…

Douglas A. McIntyre |

SPAC/Blank Check IPO Filing: GF Acquisition Corp. (GFX)

Last night, we saw another SPAC IPO filing with the SEC.  GF ACQUISITION CORP. filed as a Specialty Purpose Acquisition…

Jon C. Ogg |

Blast From the Past: China SPAC IPO Filing (PACQ, AUTC)

SPACs, the special purpose acquisition companies, were very popular during the private equity bubble and before the recession took hold. …

Douglas A. McIntyre |

Another Blank Check IPO, With A Good Story

Victory Acquisition Corp is filing for an IPO for 25 million units at the normal $10 price per unit.   …

Douglas A. McIntyre |

SPAC IPO Filing: CAPITAL TEN ACQUISITION CORP.

CAPITAL TEN ACQUISITION CORP., a special purpose acquisition company, or a SPAC or Blank Check company, has filed to come…

Douglas A. McIntyre |

Blank Check IPO Filing: Triplecrown Acquisition Corp. (EDA)

Triplecrown Acquisition Corp. has filed to come public as a ‘blank check’ or SPAC (special purpose acquisition company).  Triplecrown is…

Douglas A. McIntyre |

Are SPAC IPO Filings Back in Favor?

GSME Acquisition Co. became the second Special Purpose Acquisition Company (SPAC) this year to file paperwork with the SEC to…

Douglas A. McIntyre |

SPAC/Blank Check IPO Filing: Angelo, Gordon Acquisition Corp.

Angelo, Gordon Acquisition Corp., a Blank Check company or a Special Purpose Acquisition Company, has filed to come public via…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826