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Capitol Acquisition Corp III and Cision declares change of listing from Nasdaq to NYSE.

M2 EQUITYBITES-June 20, 2017-Capitol Acquisition Corp III and Cision declares change of listing from Nasdaq to NYSE

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Capitol Acquisition Corp III (NASDAQ:CLAC) and Cision declared on Monday that Capitol will transfer the listing of its common stock and warrants to the New York Stock Exchange (the NYSE) on 30 June 2017, subject to and after the completion of its business combination, expected to close on or about 29 June 2017.

Upon completion of the business combination, the two companies will become wholly-owned subsidiaries of Capitol Acquisition Holding Company Ltd, which will change its name to Cision Ltd and which ordinary shares and warrants will trade on the NYSE under the symbols 'CISN' and 'CISN WS', respectively.

Additionally, Capitol's merger with Cision, a global provider of earned media solutions, was reported on 20 March 2017. Cision's easy-to-use platform, the Cision Communications Cloud helps communicators to reach relevant media campaigns that impact customer behaviour, can monitor and analyse, arm brands with the insights needed to link their earned media to strategic business objectives.

An investment vehicle, Capitol Acquisition effects a merger, acquires or has a similar business combination. It raised USD325m of cash proceeds in an initial public offering in October 2015, is Capitol's third publicly traded investment vehicle. The first, Capitol Acquisition Corp created Two Harbors Investment Corp (NYSE:TWO), a mortgage real estate investment trust and the second, Capitol Acquisition Corp II merged with Lindblad Expeditions Inc (NASDAQ:LIND), an expedition travel company.

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Publication:M2 EquityBites (EQB)
Date:Jun 20, 2017
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