Echo Healthcare Acquisition Corp. Completes Initial Public Offering
Posted on: Friday, 24 March 2006, 18:00 CST
VIENNA, Va., March 24 /PRNewswire-FirstCall/ -- Echo Healthcare Acquisition Corp. (BULLETIN BOARD: EHHAU) announced today that it consummated its initial public offering of 6,250,000 units on March 22, 2006. Each unit consists of one share of common stock and one warrant. The units were sold at an offering price of $8.00 per unit, generating gross proceeds of $50,000,000 to the Company. Morgan Joseph & Co. Inc. was the sole book running manager, Roth Capital Partners, LLC was co-lead manager and Legend Merchant Group, Inc. was co-manager.
Audited financial statements as of March 22, 2006, reflecting receipt of the proceeds upon consummation of the initial public offering have been issued by the Company and are included as Exhibit 99.1 to a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission.
Echo Healthcare Acquisition Corp. is a blank check company recently formed for the purposes of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more domestic or international operating businesses in the healthcare industry.
Information about this offering is available in the prospectus filed with the Securities and Exchange Commission, a copy of which may be obtained from Morgan Joseph & Co. Inc., 600 Fifth Avenue, 19th Floor, New York, NY 10020.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of Echo Healthcare Acquisition Corp., nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. The offering of these securities will be made only by means of a prospectus.
For Further Information: AT THE COMPANY: AT FINANCIAL RELATIONS BOARD: Joel Kanter Moira Conlon President General Information (703) 760-7888 (310) 854-8311 jkanter@echohealthcare.com mconlon@financialrelationsboard.com
Echo Healthcare Acquisition Corp.
CONTACT: Joel Kanter, President of Echo Healthcare Acquisition Corp.,+1-703-760-7888, jkanter@echohealthcare.com; or General Information, MoiraConlon of Financial Relations Board, +1-310-854-8311,mconlon@financialrelationsboard.com, for Echo Healthcare Acquisition Corp.
Source: PRNewswire-FirstCall
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