SPAC IPO FILING: Oasis Group, Inc.

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By Douglas A. McIntyre Published
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Oasis Group, Inc. is yet another special purpose acquisition company, or SPAC, that has filed to come public via an IPO.  The company has filed to raise $300 million with a sale of 30 million units, with each unit consisting of 1 share at $10.00 per share and 1 warrant with a $7.50 strike price.  The sole book-runner is listed as Bear Stearns and it will trade under the ticker "OGH" on AMEX.

While no business has been set in stone, its first objective is to acquire businesses or assets in the lodging or hospitality sectors, with a particular focus on hotels, resorts and related businesses.

Beny Alagem, is its Chairman, CEO & President, and the filing says he has over 30 years of experience acquiring, building, operating and selling private companies. Through Alagem Capital Group, LLC and its affiliates, Mr. Alagem has invested in the lodging and hospitality, commercial and industrial real estate, technology, and telecommunications sectors. ACG’s current investments are focused on lodging and hospitality. ACG acquired The Beverly Hilton in Beverly Hills, California in December 2003 and the Hilton Los Cabos Beach & Golf Resort in San Jose del Cabo, Mexico in April 2006.

Jon C. Ogg
March 4, 2008

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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.

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