Fifth WRASP Completed
By David Feldman at 7 August, 2008, 8:55 am
Rick Rappaport and his team at WestPark Capital in LA have completed the fifth reverse merger and PIPE using his “WRASP” structure. As mentioned in previous entries, after a traditional merger and PIPE, Rick takes the company directly to the American Stock Exchange through a secondary public offering immediately thereafter. I very much like this innovative structure.
The first four deals, all Chinese companies, are doing well. Hopefully Rick will continue his streak with this fifth deal. The company is called NIVS International (Hong Kong) Company Ltd. which merged with Rick’s shell SRKP 19, Inc. The company also raised $9 million in a PIPE. Good luck!
Categories :
Reverse Mergers
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