Company Description (as filed with the SEC)
We are a blank check company formed on September 19, 2011 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (“Business Combination”). On October 6, 2011, ROIC Acquisition Holdings LP (the “Sponsor”) purchased 2,156,250 shares of our common stock (“Founder Shares”) for an aggregate amount of $25,000, or approximately $0.01 per share. The registration statement for our initial public offering (“Public Offering”) was declared effective on February 24, 2012. We consummated the Public Offering on February 29, 2012 and received net proceeds of approximately $75,000,000 which includes $3,225,000 received for the purchase of 4,166,667 warrants (the “Sponsor Warrants”) by the Sponsor and 10,000 units by our Chairman. ... More ...