Silver Eagle Acquisition Corp., Founded By Harry E. Sloan And Jeff Sagansky, Announces Pricing Of $300 Million Initial Public Offering

NEW YORK, July 25, 2013 PRNewswire/ -- Silver Eagle Acquisition Corp. (the "Company"), an acquisition vehicle formed by media executives Harry E. Sloan and Jeff Sagansky, announced today that it priced its initial public offering of 30,000,000 units at $10.00 per unit. Each unit issued in the initial public offering consists of one share of the Company's common stock and one warrant to purchase one half of one share of common stock at an exercise price of $5.75 per half share ($11.50 per full share). The underwriters have been granted a 45-day option to purchase up to an additional 4,500,000 units to cover any over-allotments. The units are expected to begin trading today on The NASDAQ Capital Market under the symbol "EAGLU".

Silver Eagle Acquisition Corp. was formed for the purpose of acquiring one or more businesses through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. Its efforts in identifying a prospective target business will be focused on, but not limited to, the media and entertainment industries. The Company's sponsor is Global Eagle Acquisition LLC, which was also the sponsor of Global Eagle Acquisition Corp. Deutsche Bank Securities Inc. is acting as the sole book runner for the offering. The offering will only be made by means of a prospectus, copies which may be obtained from Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005-2836, Attention: Prospectus Group, Telephone: (800) 503-4611, Email: [email protected].

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission on July 25, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

SOURCE Silver Eagle Acquisition Corp.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED