Blank check company Capitol Acquisition files for a $150 million IPO
Capitol Acquisition Corp. II, a blank check company led by Mark Ein, former Chairman of Kastle Systems and CEO of Venturehouse, filed on Tuesday with the SEC to raise $150 million in an initial public offering by offering 15 million units at $10 per unit.
The Washington D.C.-based company, which was founded in 2010, plans to list on the NASDAQ under the symbol CLAQU. Capitol Acquisition initially filed for an offering to list on the OTCBB in 2011 before continuing to plan its offering after submitting a confidential filing on January 30, 2013. Citi and Deutsche Bank are the joint bookrunners on the deal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.