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CLACU > SEC Filings for CLACU > Form 8-K on 20-May-2013All Recent SEC Filings

Show all filings for CAPITOL ACQUISITION CORP. II | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CAPITOL ACQUISITION CORP. II


20-May-2013

Other Events, Financial Statements and Exhibits


Item 8.01. Other Events

On May 15, 2013, Capitol Acquisition Corp. II (the "Company") consummated the initial public offering ("IPO") of 20,000,000 of its units ("Units"), including 2,000,000 Units that were sold pursuant to the underwriters' over-allotment option. Each Unit consists of one share of Common Stock, $.0001 par value per share ("Common Stock"), and one half of one Warrant ("Warrant"), to purchase one share of Common Stock at an exercise price of $11.50 per share. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $200,000,000.

Simultaneously with the consummation of the IPO, the Company consummated the private sale ("Private Placement") of 5,600,000 warrants ("Sponsors' Warrants") at a price of $1.00 per Sponsors' Warrant, generating total proceeds of $5,600,000. The Sponsors' Warrants were purchased by Capitol Acquisition Management 2 LLC, the Company's sponsor and an affiliate of Mark D. Ein, the Company's Chief Executive Officer, L. Dyson Dryden, the Company's Chief Financial Officer and a director of the Company, and Lawrence Calcano, Piyush Sodha and Ronald C. Donaldson, each a director of the Company. The Sponsors' Warrants are identical to the Warrants included in the Units sold in the IPO except that the Sponsors' Warrants are exercisable on a cashless basis and, if the Company calls the Warrants for redemption, the Sponsors' Warrants will not be redeemable by the Company so long as they are held by these purchasers or their affiliates. The purchasers of the Sponsors' Warrants have agreed that the Sponsors' Warrants will not be sold or transferred by them (except in limited situations) until after the Company has completed a business combination.

An audited balance sheet as of May 15, 2013 reflecting receipt of the proceeds received by the Company in connection with the consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

On May 17, 2013, the underwriters in the IPO indicated to the Company that it will not be exercising the remaining portion of the over-allotment option. As a result, the Company's initial stockholders will be required to forfeit an aggregate of 175,000 shares of common stock issued to them prior to the IPO.



Item 9.01. Financial Statements and Exhibits

(c) Exhibits:

Exhibit 99.1 Audited Balance Sheet

Exhibit 99.2 Press release dated May 15, 2013

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