Failed SPAC to Become REIT


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Failed SPAC to Become REIT

Posted June 17, 2010 3:54PM PST

The SPAC Ascend Acquisition Corp. said that it will become a real estate investment trust (REIT) through the acquisition of Patriot Investment Management and two real estate investment funds.

Ascend elected to remain a shell company after failing to acquire the Hong Kong semiconductor maker e.Pak in 2008.
Filing: 8-K

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