| Ticker: UFAC | 245 Fifth Avenue, Suite 1500 | |
| Exchange: Over-the-Counter Market | New York, New York 10016 | |
| Industry: Financial | (212) 696-4282 |
| Type of Shares: | Common Shares | Filing Date: | 8/30/96 | |
| U.S. Shares: | 1,250,000 | Offer Date: | 11/13/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.00 | |
| Primary Shares: | 1,250,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.48 | |
| Offering Amount: | $7,500,000 | Selling: | $0.24 | |
| Expenses: | $225,000 | Reallowance: | $0.10 | |
| Shares Out After: | 1,875,000 |
| Manager | Tier | Phone |
| GKN Securities | Lead Manager | (212) 509-3800 |
| Gaines Berland | Co-manager | (212) 319-2050 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/96 | 7/31/96 | ||||
| Revenue: | $0.00 | Assets: | $0.25 | ||
| Net Income: | -$0.02 | Liabilities: | $0.27 | ||
| EPS: | -$0.02 | Equity: | -$0.01 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was formed on May 30, 1996 to serve as a vehicle to effect a merger, exchange of capital stock, asset acquisition or other similar business combination with an operating business which the company believes has significant growth potential. The company intends to utilize cash, equity, debt or a combination thereof in effecting a Business Combination. The company's efforts in identifying a prospective Target Business will be limited to the following industries: (i) the manufacture of analytical and controlling equipment, chemicals and allied products, electronic equipment and medical instrumentation; (ii) health services; (iii) environmental services and products; (iv) engineering and construction; (v) wholesale and retail distribution of home furnishings, office supplies, computers and related products, medical equipment and supplies, apparel and accessories, automotive parts and supplies and food and beverage products; (vi) Internet and other new media products and services; and (vii) communications and entertainment. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to acquire a target business, including identifying and evaluating prospective acquisition candidates, selecting a target business and structuring, negotiating and consummating the business combination. |
©1996 IPO Data Systems, Inc. - All rights reserved.