Attached files

file filename
EX-10.5 - EXHIBITT 10.5 - Priority Technology Holdings, Inc.s104127_ex10-5.htm
EX-10.3 - EXHIBITT 10.3 - Priority Technology Holdings, Inc.s104127_ex10-3.htm
EX-10.2 - EXHIBIT 10-2 - Priority Technology Holdings, Inc.s104127_ex10-2.htm
EX-10.1 - EXHIBIT 10-1 - Priority Technology Holdings, Inc.s104127_ex10-1.htm
EX-4.1 - EXHIBIT 4-1 - Priority Technology Holdings, Inc.s104127_ex4-1.htm
EX-3.1 - EXHIBIT 3-1 - Priority Technology Holdings, Inc.s104127_ex3-1.htm
EX-1.1 - EXHIBIT 1.1 - Priority Technology Holdings, Inc.s104127_ex1-1.htm
8-K - 8-K - Priority Technology Holdings, Inc.s104127_8k.htm

 

Exhibit 99.1

 

M I Acquisitions, Inc. Announces Pricing of $50,000,000 Initial Public Offering

 

M I Acquisitions, Inc. (NASDAQ: MACQU) (the "Company") today announced the pricing of its initial public offering of 5,000,000 units at an offering price of $10.00 per unit, before underwriting discounts and commissions. Each unit consists of one share of common stock and one warrant. Each warrant entitles its holder to purchase one share of common stock at an exercise price of $11.50 per share. In addition, the Company has granted to the underwriters a 45-day option to purchase up to an additional 750,000 units at the initial public offering price per unit, before underwriting discounts and commission.

 

The units are expected to begin trading tomorrow, September 14, 2016 on the NASDAQ Capital Market under the ticker symbol "MACQU." On or prior to December 13, 2016, the units will separate into each of its components and each such component securities will begin trading separately. The common stock is expected to trade on The NASDAQ Capital Market under the ticker symbol "MACQ," and the warrants are expected to trade under the ticker symbol "MACQW."

 

Chardan is acting as the sole book-running manager for this initial public offering. Maxim Group LLC and I-Bankers Securities, Inc. are acting as co-managers.

 

A registration statement on Form S-1 (No. 333-212675) relating to the securities being offered and sold in the initial public offering was declared effective by the Securities and Exchange Commission on September 13, 2016. The initial public offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus for this offering, when available, may be obtained by mail at Chardan, Attention: Prospectus Department, 17 State Street, Suite 1600, New York, NY, or by telephone at 646-465-9000, or by email at Prospectus@chardancm.com. The registration statement and a copy of the final prospectus relating to the initial public offering may also be accessed via the Securities and Exchange Commission's website at http://www.sec.gov.

 

The Company is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company's efforts to identify a target business will not be limited to a particular industry or geographic region, although it intends to focus its efforts on seeking a business combination with a company or companies operating in the technology, media and telecommunications industries.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Forward Looking Statements

 

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.