SPAC Warrant Separation: GHL Acquisition Corp. (GHL, GHQ, GHQ-U, GHQ-WS)
GHL Acquisition Corp. (Amex: GHQ-U), a special purpose acquisition company or SPAC, has announced that it has allowed for the separation in trading of its common stock and warrants. This SPAC will thus no longer be considered exclusively “units” upon the separation.
The SPAC’s initial public offering was February 21, 2008, and holders may elect to trade the common stock and warrants separately commencing on March 20, 2008. This is an elective event rather than a mandatory event. Units notseparated will continue to trade on the American Stock Exchange underthe symbol “GHQ.U”.
The common stock will trade on the American Stock Exchange under the “GHQ” ticker, and the warrants will trade under the “GHQ.WS” ticker.
We had previously noted that this one was affiliated with Greenhill & Co. (NYSE: GHL).
Jon C. Ogg
March 19, 2008