DENVER, April 2, 2013 (GLOBE NEWSWIRE) -- HF2 Financial Management Inc. (Nasdaq:HTWO) (the "Company") announced today that the over-allotment option for its initial public offering was exercised and consummated to the full extent of 2,295,000 shares of Class A Common Stock (the "Public Shares"). The 17,595,000 Public Shares sold in the offering, including the 2,295,000 Public Shares sold pursuant to the over-allotment option, were sold at an offering price of $10.00 per share, generating gross proceeds of $175,950,000 to the Company. EarlyBirdCapital, Inc. and Sandler O'Neill + Partners, L.P. acted as joint book running managers of the initial public offering. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus relating to the offering may be obtained from EarlyBirdCapital, Inc., 275 Madison Avenue, 27th Floor, New York, New York 10016 or from Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020. The Company has deposited $184,747,500 (including $15,984,000 of proceeds from the sale of 1,598,400 shares of Class A Common Stock to the Company's sponsors in a private placement), or $10.50 per Public Share, into a trust account maintained by Continental Stock Transfer & Trust Company acting as the trustee. The funds will not be released from the trust account except under certain limited circumstances as described in the prospectus relating to the offering. HF2 Financial Management Inc. is a newly formed 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. The Company's efforts to identify an initial prospective target business will not be limited to any particular industry or geographic region, although the Company intends to focus its search on companies operating in the financial services industry.