SPACs

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SPACs

A SPAC is a newly formed corporation by a prominent and qualified sponsor/management team for the purpose of raising capital in an IPO in anticipation of identifying and consummating a business combination.

In 2010, EG&S innovated a new SPAC structure for 57th Street General Acquisition Corp. that is now the accepted convention. In 2010 and 2009, EG&S worked on the only SPAC IPOs to be consummated.  In 2008, EG&S ranked #1 among all U.S. Law Firms for both issuer and underwriter SPAC financings. During the last 48 months, members of the Firm have been involved with over 50 blind pool/SPACs (17 of which have closed - raising in excess of $1.5 billion).

Blue Wolf Mongolia Holdings Corp(NASDAQ: MNGL)

$80,500,000 Deutsche Bank Securities Inc.acted as sole book-running manager and representative of the underwriters

JULY 20, 2011

EG&S acted as counsel to Blue Wolf

Listen to an introduction by Douglas S. Ellenoff:

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