SOURCE: Nautilus Marine Acquisition Corp.

August 29, 2011 09:00 ET

Nautilus Marine Acquisition Corporation Announces Separate Trading of Common Stock and Warrants as of Today, August 29, 2011

NEW YORK, NY--(Marketwire - Aug 29, 2011) - Nautilus Marine Acquisition Corporation (the "Company") (NASDAQ: NMARU) announced today that pursuant to its initial public offering, which was consummated on July 20, 2011, the units issued in the initial public offering automatically separate as of today, August 29, 2011, into the common stock and warrants underlying the units. Upon commencement of trading today, the common stock and warrants will trade separately on the Nasdaq Capital Market under the symbols "NMAR" and "NMARW," respectively. The units, which were listed on the Nasdaq Capital Market under the symbol "NMARU," will no longer be listed on the Nasdaq Capital Market following the separation.

Maxim Group LLC acted as the sole book-running manager and sole representative for the underwriters. EarlyBirdCapital, Inc. and Chardan Capital Markets, LLC acted as co-managers of the offering.

The Company is a newly-organized blank check company formed for the purpose of acquiring or merging with an operating business. While the Company's target business will not be limited to a particular industry or geographic region, the Company will initially focus on indentifying target businesses in the international maritime shipping, offshore and related maritime services industries.

A registration statement relating to these units and the underlying securities was declared effective by the Securities and Exchange Commission on July 14, 2011. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Copies of the final prospectus relating to the offering may be obtained by visiting the website of the U.S. Securities and Exchange Commission at http://www.sec.gov. Alternatively, copies of the prospectus related to this offering may be obtained from Maxim Group LLC, 405 Lexington Avenue, New York, New York 10174, (800) 724-0761.

Contact Information

  • Investor Relations Contact:

    Matthew Abenante
    Capital Link, Inc.
    230 Park Avenue - Suite 1536
    New York, N.Y. 10169
    Tel. (212) 661-7566
    Email: mabenante@capitallink.com