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Akis is Back – Blank Check Equity Raise

Last week, Nautilus Marine Acquisition Corp., a newly-organized blank check company filed a registration statement to raise $60 million through the sale of 6 million units, consisting of one share of common stock and a warrant. The price for each unit is $10, with each warrant entitling the unit holder to purchase one share of common stock at $11.50. In addition, the company has offered the underwriters a 45-day option to buy an additional 900 thousand shares to cover overallotments.

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