57th Street Units Trading Separately


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57th Street Units Trading Separately

Posted June 10, 2010 2:22PM PST

The units in 57th Street General Acquisition Corp. can now be traded separately, according to a statement from the SPAC.

The units, sold for $10 in its initial public last month, closed at $10.10 on June 3. Common shares closed at $9.65 today, while warrants closed at 40 cents.

Investors in the SPAC include Pine River Capital Management, Bulldog Investors, Canton Holdings and Millennium Management, which each hold between about 7% and 9% of the company's stock.

Sources: Press Release, 13G, 13G, 13G, 13G

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