| BW Acqusition Corp. | |||
| Proposed Ticker: | BWCQ | 333 East 56 Street Penthouse G | |
| Exchange: | Over-the-Counter Market | New York, NY 10022 | |
| Industry: | Financial (SIC Code 6799) | (212) 752-3563 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 11/14/97 | |
| U.S. Shares Filed: | 800,000 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $8,000,000 | |
| Primary Shares: | 800,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: | 866,500 |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (212) 298-8942 |
| Issuer's Law Firm: | Crummy, Del Deo, Dolan, Griffinger & Vecchione |
| Bank's Law Firm: | Harter, Secrest & Emery |
| Auditor: | BDO Seidman |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 2 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/31/97 | 10/31/97 | ||||
| Revenue: | $0.00 | Assets: | $0.22 | ||
| Net Income: | $0.00 | Curr Assets: | |||
| EPS: | -$0.04 | Liabilities: | $0.18 | ||
| Prior EPS: | $0.00 | Curr Liabilities: | |||
| Cash Flow/Oper: | $0.11 | Equity: | $0.04 | ||
| Cash Flow/Fin: | Cash: | $0.11 | |||
| Cash Flow/Inv: | |||||
| Business Description |
| The Company, which is a "blank check" or "blind pool" company, was formed on November 1995 to serve as a vehicle to effect a merger, exchange of capital stock, asset acquisition or other business combination with an operating business. The business objective of the Company is to effect a Business Combination with a Target Business which the Company believes has significant growth potential. The Company intends to utilize the net proceeds of this offering, equity securities, debt securities, bank borrowings or a combination thereof in effecting a Business Combination. The Company will seek to acquire a Target Business that is involved primarily in the development, advancement, and use of science and technology. The Target Business will likely be involved in an industry that includes computers and peripheral products, software, electronic components and systems, telecommunications, media and information services, pharmaceuticals, hospital supply and medical devices, biotechnology, environmental services, chemicals and synthetic materials or defense and aerospace. This may also include a Target Business that could benefit from the commercialization of technological advances even if they are not directly involved in research and development. Target Businesses may include small companies developing new technologies or pursuing scientific breakthroughs or large, better established businesses with track records of developing and marketing such advances. Most likely, the Target Business will be primarily located in the United States, although the Company reserves the right to acquire a Target Business primarily located outside the United States. |
| Use of Proceeds |
| The Company intends to use substantially all of the net proceeds of the offering, together with the interest earned thereon, to attempt to effect a Business Combination, including selecting and evaluating potential Target Businesses and structuring, negotiating and consummating a Business Combination (including possible payment of finder's fees or other compensation to persons or entities which provide assistance or services to the Company). |
| # of Units: | 800,000 | |||
| Unit Ticker: | BWCQU | Unit Price: | $10.00 | |
| Warrant Ticker: | BWCQW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | $9.00 | ||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Class A Common Share + 1 Class A Warrant |
| Warrant Entitlement: 1 Class A Common Share |