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Blank check company Nautilus Marine Acq. raises $48 million in IPO

July 15, 2011

Nautilus Marine Acquisition Corp., a blank check company led by the founders of Star Bulk Carriers Corp, raised $48 million by offering 4.8 million units at $10. Nautilus Marine Acquisition Corp. plans to list on the NASDAQ under the symbol NMAR-U. Maxim Group LLC acted as lead manager on the deal.