24/7 Wall St.

Angelo, Gordon Acquisition Corp., a Blank Check company or a Special Purpose Acquisition Company, has filed to come public via an IPO.  The company has filed to sell some 30 million units at the traditional $10.00 per unit price, with each unit consisting of one share of common stock and one warrant with a $7.50 strike price.  JPMorgan is listed as the sole underwriter for the offering.

Angelo, Gordon Acquisition Corp. is a newly organized blank check company formed on February 28, 2008 for the purpose of consummating a merger, exchange, acquisition, reorganization or other business combination with one or more operating businesses.  Efforts in identifying a target business operation will not be limited to a particular industry or group of industries.  As no set business segment nor a segment has been even listed at, this is more of a Blank Check company rather than a SPAC.

The sponsor company, Angelo, Gordon, has investment disciplines which encompass four principal lines:
(1) private equity and special situations,
(2) distressed debt and leveraged loans,
(3) real estate and
(4) hedge fund strategies.

Angelo, Gordon is also an SEC-registered investment adviser and, combined with its affiliates, has in excess of $18 billion of assets under management including committed but not yet drawn capital.

You can join our open email distribution list to hear about other SPAC IPO’s, Blank Check updates, traditional IPO’s, key financings, secondary offerings, spin-offs, mergers and other special situation previews.

Jon C. Ogg
April 22, 2008

Jon Ogg is a producer of and editor for both the Special Situations newsletter and the "10 Stocks Under $10" weekly newsletter for 247WallSt.com; he can be reached at [email protected] and he does not own securities in the companies he covers.