COHEN & COMPANY SECURITIES ASSISTS GSME ACQUISITION PARTNERS I WITH INITIAL PUBLIC OFFERING
New York, NY, December 1, 2009 – Cohen & Company Securities, LLC has announced that it acted as representative of the underwriters for the initial public offering of GSME Acquisition Partners I (OTC Bulletin Board: GSMEF). Through the underwriting syndicate led by Cohen & Company Securities, 3,600,000 units were sold in GSME’s initial public offering at a price of $10.00 per unit, generating gross proceeds to GSME of $36,000,000. Simultaneously, GSME completed the private sale of 3,600,000 warrants at a price of $0.50 per warrant, generating gross proceeds to GSME of $1,800,000.
Cohen & Company Securities, LLC acted as representative of the underwriters for the initial public offering. Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq: RODM – News), and I-Bankers Securities, Inc. acted as co-managers. A copy of the prospectus with respect to the offering may be obtained from Cohen & Company Securities, LLC, 135 East 57th Street, New York, New York 10022.
GSME Acquisition Partners I is a newly formed blank check company organized for the purpose of acquiring, through a share exchange, asset acquisition, plan of arrangement, recapitalization, reorganization or similar business combination, an operating business, or control of such operating business, through contractual arrangements, that has its principal operations located in the People’s Republic of China.
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.
About Cohen & Company
Cohen & Company is an investment firm specializing in credit related fixed income investments. Through Cohen & Company Securities, LLC, the company also provides institutional broker-dealer services focused on debt securities. With offices in Philadelphia, New York, Chicago, Washington D.C., San Francisco, Boston, Paris, London and Tokyo, Cohen & Company serves a diverse international network of institutional and individual clients. For more information about Cohen & Company, we encourage you to visit www.cohenandcompany.com.
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