Navios Maritime Acquisition Corp files for IPO
WASHINGTON, June 17 (Reuters) - Blank check company Navios Maritime Acquisition Corp on Tuesday filed with regulators to raise up to $220 million in an initial public offering of common stock.
JPMorgan, Deutsche Bank Securities, and S. Goldman Advisors LLC are underwriting the IPO, according to a filing with the U.S. Securities and Exchange Commission.
Blank check companies are special purpose acquisition vehicles formed for the sole purpose of acquiring other businesses.
Navios Maritime Holdings Inc (NM.N: Quote, Profile, Research) formed Navios Maritime Acquisition Corp on March 14 to acquire one or more assets or operating businesses in the marine transportation and logistics industries, with a primary focus on target businesses outside of the drybulk shipping sector, the filing said. (Reporting by Karey Wutkowski)
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