KAYNE ANDERSON ACQUISITION CORP. (NASDAQ:KAACU) Files An 8-K Other Events
Item8.01
| Other Events. |
On April4, 2017, Kayne Anderson Acquisition Corp. (the
Company) consummated its initial public offering (the
IPO) of 35,000,000 units (the Units). Each Unit
consists of one share of ClassA common stock of the Company, par
value $0.0001 per share (the ClassA Common Stock), and
one-third of one warrant of the Company, each whole warrant
entitling the holder thereof to purchase one whole share of
ClassA Common Stock at an exercise price of $11.50 per share. The
Units were sold at a price of $10.00 per unit, generating gross
proceeds to the Company of $350,000,000.
On April4, 2017, simultaneously with the consummation of the IPO,
the Company completed the private sale (the Private
Placement) of 6,000,000 warrants (the Private Placement
Warrants) at a purchase price of $1.50 per Private Placement
Warrant, to the Companys sponsor, Kayne Anderson Sponsor, LLC,
generating gross proceeds to the Company of approximately
$9,000,000.
A total of $350,000,000, comprised of $343,000,000 of the
proceeds from the IPO, including approximately $12,250,000 of the
underwriters deferred discount, and $7,000,000 of the proceeds of
the sale of the Private Placement Warrants, were placed in a
trust account maintained by American Stock Transfer Trust
Company, acting as trustee. An audited balance sheet as of
April4, 2017 reflecting receipt of the proceeds upon consummation
of the IPO and the Private Placement has been issued by the
Company and is included as Exhibit99.1 to this Current Report on
Form8-K.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. The following exhibits are filed with this Form8-K: |
|
ExhibitNo. |
Description of Exhibits |
|
| 99.1 | Audited Balance Sheet, as of April 4, 2017. |
About KAYNE ANDERSON ACQUISITION CORP. (NASDAQ:KAACU)
Kayne Anderson Acquisition Corp. is a blank check company. The Company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search for a target business in the energy industry. The Company focuses on identifying, combining with and maximizing the value of a company with operations in the energy industry. As of March 16, 2017, the Company had not generated any revenues. KAYNE ANDERSON ACQUISITION CORP. (NASDAQ:KAACU) Recent Trading Information
KAYNE ANDERSON ACQUISITION CORP. (NASDAQ:KAACU) closed its last trading session at with 299,062 shares trading hands.
