Blank check company Silver Eagle Acquisition increases proposed IPO deal size


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Silver Eagle Acquisition, a blank check company focused on acquiring businesses in the media and entertainment industry, raised the proposed deal size for its upcoming IPO on Tuesday. The Santa Monica, CA-based company now plans to raise $300 million by offering 30 million units at $10 per unit. The company had previously filed to offer 25 million units at the same price. At the midpoint of the revised range, Silver Eagle Acquisition will raise 20% greater proceeds than previously anticipated.

Silver Eagle Acquisition plans to list on the NASDAQ under the symbol EAGL. Silver Eagle Acquisition initially filed confidentially on May 17, 2013. Deutsche Bank is the sole bookrunner on the deal. It is expected to price this week.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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