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Atlas Acquisition Holdings Corp. Announces Pricing of Initial Public Offering.

HOBE SOUND, Fla. -- Atlas Acquisition Holdings Corp. (the "Company") (AMEX: AXG) announced today that it has priced its initial public offering of 20,000,000 units, each unit comprised of one share of the Company's common stock and one warrant to purchase one share of common stock, at a public offering price of $10.00 per unit. The warrant exercise price is $7.00 per share. The amount placed in trust will equal 100% of the proceeds of the offering. The underwriters of the offering have a 45-day option to purchase up to an additional 3,000,000 units (over and above the 20,000,000 units referenced above) solely to cover over-allotments, if any. The units will be listed on the American Stock Exchange under the symbol AXG.U.

Lazard Capital Markets LLC and Morgan Stanley & Co. Incorporated acted as joint book runners for the initial public offering. A copy of the prospectus related to this offering may be obtained from Lazard Capital Markets LLC, 30 Rockefeller Plaza, New York, New York 10020 and from Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014 Attn: Prospectus Department.

A registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Atlas Acquisition Holdings Corp.

Atlas Acquisition Holdings Corp. is a newly formed blank check company organized for the purpose of effecting a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction, or other similar business combination with an operating business. The Company's efforts in identifying a prospective target business will not be limited to a particular industry or geography.
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Publication:Business Wire
Date:Jan 25, 2008
Words:340
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