Blank Check Company Stellar Acquisition Raises $65 Million In Offering, Expected To Trade Friday

By Markets MarketWatch Pulse

Stellar Acquisition III Inc. , a blank check company based in Greece, priced its initial public offering Friday at $10 a share. The company sold 6.5 million units to raise $65 million. Each unit is made up of one share of common stock and one warrant, which allows the owner to buy at share of common stock for $11.50. The stock is expected to trade Friday on the Nasdaq Capital Market under the symbol "STLRU." Maxim Group LLC was the sole book-running manager.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.