Energy Infrastructure Acquisition Corp.

• Public
• US

Dow Jones Description

We are a Business Combination Company, or BCC organized under the laws of the State of Delaware on August 11, 2005. We were formed to acquire, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses that supports the process of bringing energy, in the form of crude oil, natural and liquefied petroleum gas, and refined and specialized products (such as petrochemicals), from production to final consumption throughout the world. On July 17, 2006, Energy Corp., an off-shore company controlled by George Sagredos, our President and Chief operating Officer, purchased 825,398 units of the Company at $10.00 per unit in a private placement pursuant to Regulation S under the Securities Act of 1933, as amended, for an aggregate purchase price of $8,253,980. On July 21, 2006, we consummated our initial public offering of 20,250,000 units with each unit consisting of one share of our common stock and one warrant. Each warrant entitles the holder to purchase one share of our common stock at an exercise price of $8.00 per share. The units sold in our initial public offering were sold at an offering price of $10.00 per unit, generating gross proceeds of $202,500,000. On August 31, 2006 the underwriters of our initial public offering exercised their over allotment option to purchase an additional 675,000 units, generating an additional $6,750,000 in gross proceeds. ...

Chief Executive Officer

Contact Information

Peer Companies

• Morgan Stanley
• UBS AG
• ICICI Bank Ltd.
• Ameriprise Financial Inc.
• Blackstone Group LP
• All Companies