Hambrecht Asia Acquisition exercises IPO over-allotment, $33.9 million gross proceeds
Hambrecht Asia Acquisition Corp. disclosed that underwriters of its initial public offering exercised the over-allotment option on March 31, 2008, for 239,300 additional units. The 4,239,300 units sold at $8.00 each generated gross proceeds of $33,914,400, and $33,527,396 has been placed in trust, including $1,550,000 from a private placement of warrants to founding stockholders. The filing names Hambrecht Asia Acquisition Corp. and does not reference Troops, Inc. or ticker TROO.
Key points
- Underwriters exercised the over-allotment option on March 31, 2008, for 239,300 additional units.
- Total of 4,239,300 units sold at $8.00 per unit, for gross proceeds of $33,914,400.
- $33,527,396 placed in trust, including $1,550,000 from the founding stockholders' private warrant placement.
- Pro forma balance sheet as of March 31, 2008 is included as Exhibit 99.1.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 04, 2008.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.