HOUSTON–(BUSINESS WIRE)–Kayne Anderson Acquisition Corp. (the “Company”) announced today that it intends to commence its initial public offering of 35,000,000 units at $10.00 per unit. The Company intends to grant the underwriters a 45-day option to purchase up to 5,250,000 additional units. Each unit issued in the initial public offering will consist of one share of the Company’s Class A common stock and one-third of one warrant, each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share.
Kayne Anderson Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search for a target business in the energy industry.
Citigroup, Deutsche Bank Securities and Credit Suisse are acting as joint book-running managers for the proposed offering. The public offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone…