Approximately $180,000,000 of the proceeds received from this offering will be deposited into a trust account at JP Morgan Chase, N.A. with Continental Stock Transfer & Trust Company acting as trustee. None of the funds held in trust will be released from the trust account until the earlier of (i) the completion of the initial business combination or (ii) the redemption of 100% of the public shares if the Company is unable to consummate a business combination within 21 months from the closing of this offering.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 9, 2013. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such 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.
CONTACT: L. Dyson Dryden
Capitol Acquisition Corp. II