Investing

IPO Pricing: Navios Maritime Acquisition Corporation (NNA.U, NM)

Navios Maritime Acquisition Corporation (NYSE: NNA.U) has priced its IPO of 22,000,000 units at a price of $10.00 per unit for aggregate gross proceeds of $220,000,000.  Each unit represents one share of common stock and one warrant to buy a share of stock at $7.00. 

J.P. Morgan and Deutsche Bank were the joint book-running managers and S. Goldman Advisors LLC acted as the co-manager for the IPO.

If you check the filing dates and details we covered on this one, you might determine this was the fastest SPAC or Blank Check IPO in history.

Navios Maritime Holdings Inc. (NYSE: NM) is the sponsor company.

Jon C. Ogg
June 26, 2008