Investment Business Weekly
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FlatWorld Acquisition Corp.
FlatWorld Acquisition Corp. Announces Closing of Over-Allotment Option
February 13th, 2011
FlatWorld Acquisition Corp. (OTC Bulletin Board: FTWAU) (the "Company"), a newly-organized blank check company formed for the purpose of acquiring or merging with an operating business in either the global business services sector or emerging Asian markets including China and India, announced that it has closed the sale of 95,500 units subject to an over-allotment option granted to the underwriters in its initial public offering ("IPO"). Each unit consists of one ordinary share and one warrant to purchase one ordinary share. The Units were sold at an offering price of $10.00 per unit, bringing total gross proceeds to the Company from the 2,295,500 Units sold in its IPO (including the 95,500...
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Source: Investment Business Weekly (2011-02-13)