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Blank check from Greece: Stellar Acquisition III prices $65 million IPO at $10, as expected

August 19, 2016

Stellar Acquisition III, a Greek blank check company formed to acquire an international energy logistics company, raised $65 million by offering 6.5 million shares at $10, as expected. The company had originally filed to offer 8.0 million shares, but decreased the size of the offering earlier this week. Stellar Acquisition III plans to list on the Nasdaq under the symbol STLRU. Maxim Group LLC acted as a lead manager on the deal.