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SPAC Navios Maritime Acquisition prices at $10

June 26, 2008

Navios Maritime Acquisition, a SPAC sponsored by drybulk shipper Navios Maritime (NYSE: NM) which intends to focus on the marine transportation and logistics industries, priced its 22 million unit offering at the expected $10 on Wednesday evening. The units began trading on the NYSE Thursday under the ticker NNA.U. J.P. Morgan and Deutsche Bank were the lead underwriters on the deal.