REGIAN ACQUISITION CORP. is the first blank check IPO filed this week. After yesterday’s close, Regian filed to sell 10 million units in an initial public offering, with each unit consisting of one share of common stock and one warrant with a $7.50 strike price. It plans to list on AMEX, but no ticker was given.
Regian Acquisition Corp. is a blank check company formed to acquire acompany or operations that is not limited to a particular geographicarea, type of business or industry. The company will focuson North America or Europe and it will have 24 months from the date ofthe prospectus to consummate a business combination.
Wachovia Securities is the sole book-runner and Morgan Joseph is the co-manager in the underwriting group.
Its president and COO is Staffan Encrantz, who has been a seniormanager for 25 years for various companies including ABB and ASEA Brown Boveri.
Jon C. Ogg
September 23, 2008