9/3/15


Boxlight, which manufactures interactive projectors and other classroom materials, announced terms for its IPO on Thursday. The Lawrenceville, GA-based company plans to raise $20 million by offering 2.2 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Boxlight would command a fully diluted market value of $68 million. Boxlight, which was founded in 2001 and booked $31 million in sales for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol [BOXL]. Aegis Capital Corp. i...more


Keywords: BOXL

9/2/15


Enovation Controls, which provides natural gas engine controls and fuel systems for vehicles and equipment, withdrew its plans for an initial public offering on Wednesday. The Tulsa, OK-based company was founded in 1939 and booked $276 million in sales for the 12 months ended September 30, 2014. ENOV. Enovation Controls initially filed confidentially on 7/11/2014. Morgan Stanley and UBS Investment Bank were set to be the joint bookrunners on the deal....more


Keywords: ENOV

9/2/15


GC Aesthetics, a provider of silicone breast implants in Latin America and EMEA, withdrew its plans for an initial public offering on Wednesday. The company had postponed its IPO in early August 2015 after setting terms to raise $75 million. The Dublin, Ireland-based company, which initially filed confidentially on May 15, 2015, booked $55 million in sales for the 12 months ended March 31, 2015. BofA Merrill Lynch, Deutsche Bank and Cowen & Company were set to be the joint bookrunners for the IPO....more


Keywords: GCAA

8/31/15


Capitol Acquisition Corp., a blank check company headed by Mark Ein, filed on Monday with the SEC to raise up to $350 million in an initial public offering. The Washington, D.C.-based company, which was founded in 2015, plans to list on the Nasdaq. Citi is the sole bookrunner on the deal. No pricing terms were disclosed....more


Keywords: CAPAC.RC

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Performance Disclosure: Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.

As stated in the Prospectus, the total annual operating expenses for the Fund was 3.48%. The Adviser has contractually agreed to keep net expenses from exceeding 2.50% of the Fund's average daily net assets for at least a year from the date of the Prospectus and for an indefinite period thereafter subject to annual re-approval of the agreement by the Board of Trustees.

An investor cannot invest directly in an index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

Definitions: Net Asset Value (NAV) of the fund is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding. Market Price is current value at which an asset or service can be bought or sold. Premium/Discount is provided to show the comparison of the daily net asset value (NAV) and the midpoint of the closing bid/ask for each of the funds. The Renaissance IPO Index® (IPOUSA) is a stock market index based upon a portfolio of U.S.-listed newly public companies that includes securities prior to their inclusion in core U.S. equity portfolios. The Renaissance International IPO Index® (IPOXUS) is a stock market index based upon a portfolio of newly public companies listed on non-U.S. exchanges. The S&P 500® Index (SPX) is a stock market index based on the market capitalizations of 500 large companies whose common stock is publicly traded on the NYSE.

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Definitions: The Renaissance IPO Index® is a stock market index based upon a portfolio of U.S.-listed newly public companies that includes securities prior to their inclusion in core U.S. equity portfolios. The S&P 500® Index is a stock market index based on the market capitalizations of 500 large companies whose common stock is publicly traded on the NYSE.

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