ARLINGTON, Va., Oct. 29 /PRNewswire-FirstCall/ -- Secure America
Acquisition Corporation (Amex: HLD.U), (the "Company") announced today that it
has completed its initial public offering (the "IPO") of 10,000,000 units.
Each unit consists of one share of common stock and one warrant, which
entitles the holder to purchase one share of common stock. The units were sold
at an offering price of
Immediately prior to the consummation of the IPO, the Company completed a
private placement of 2,075,000 warrants at a price of
A registration statement relating to the units was filed and declared effective by the Securities and Exchange Commission on October 23, 2007 . This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of Secure America Acquisition Corporation, nor shall 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. The offering of these securities will be made only by means of a prospectus.
Information about the offering is available in the prospectus filed with the Securities and Exchange Commission. Copies of the prospectus can be obtained from SunTrust Robinson Humphrey, 3333 Peachtree Street Road, NE, Atlanta , GA 30326, via telephone at 404-926-5463, or from Morgan Joseph & Co. Inc., 600 Fifth Avenue, 19th Floor, New York, NY 10020, via telephone at 212- 218-3288.
About Secure America Acquisition Corporation
Secure America Acquisition Corporation is a newly organized blank check company formed for the purpose of acquiring, or acquiring control of, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more domestic or international operating businesses in the homeland security industry, but not businesses that design, build or maintain mission-critical facilities.
This press release may contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements inherently involve risks and uncertainties that are detailed in the Company's prospectus and other filings with the Securities and Exchange Commission and, therefore, actual results could differ materially from those projected in the forward-looking statements. The Company assumes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.