M III Acquisition Corp. Prices $150M IPO

7/7/16

M III Acquisition Corp. announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. Each unit issued in the initial public offering consists of one share of the Company's common stock and one warrant to purchase one-half of one share of common stock at an exercise price of $5.75 per half share ($11.50 per full share). The units are expected to begin trading today on the NASDAQ Capital Market under the symbol "MIIIU". Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on the NASDAQ Capital Market under the symbols "MIII" and "MIIIW," respectively. The closing of the Company's initial public offering is expected to be consummated on or about July 12, 2016.

The Company is a blank check company that will seek to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or 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 efforts on seeking a business combination with a company or companies based in North America that engage primarily in the financial services, healthcare services and industrials sectors.

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. Chardan acted as co-manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units to cover over-allotments, if any, in the public offering.

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