Garnero Group Acquisition Company Securities to Commence Separate Trading

USA - English

• Latin America - español
• Brazil - Português

SAO PAULO, July 18, 2014 /PRNewswire/ -- Garnero Group Acquisition Company (NASDAQ: GGACU) (the "Company") announced today that it has been informed by EarlyBirdCapital, Inc., the representative of the underwriters in the Company's initial public offering, that holders of the Company's units will be able to separately trade the ordinary shares, rights and warrants included in such units commencing on or about July 23, 2014.  The ordinary shares, rights and warrants will be listed on the NASDAQ Capital Market ("NASDAQ") under the symbols GGAC, GGACR and GGACW, respectively.  Units not separated will continue to be listed on NASDAQ under the symbol GGACU. 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these 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 any such state or jurisdiction.  The offering was made only by means of a prospectus, copies of which may be obtained by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov.  Alternatively, a copy of the prospectus relating to the offering may be obtained from EarlyBirdCapital, Inc., 275 Madison Avenue, 27th Floor, New York, NY 10016, Attn:  Aimee Bloch, 212-661-0200.

Garnero Group Acquisition Company is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to any particular industry or geographic region, however the Company initially intends to focus the search on target businesses located in Latin America (with a particular emphasis on Brazil) or Europe operating in the energy (including renewables) and biotechnology industries or target businesses in such industries operating outside of those geographic locations which the Company believes would benefit from expanding their operations to such locations.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties.  Forward looking statements are statements that are not historical facts.  Such forward-looking statements, based upon the current beliefs and expectations of the Company's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements.

Renata Gimenes – [email protected] 
Edvaldo Chequetti – [email protected] 
Marcia Glogowski  – [email protected]

RP1 Comunicacao
Tel.: 11 5501-4655
www.rp1.com.br

SOURCE Garnero Group Acquisition Company