SPAC IPO FILING: China Growth Alliance Ltd. (CGN)

China Growth Alliance Ltd. is another a blank-check company or special purpose acquisition company (or SPAC) that has filed to come public via an initial public offering. It filed to sell up to $56 million in units and will trade under the "CGN" ticker on AMEX. China Growth plans to sell 7 million units in the IPO at $8.00 each. Its underwriting group consist of Ferris Baker Watts Inc., Jesup & Lamont Securities Corp. and Maxim Group LLC. Each unit consists of one ordinary share and one Class B warrant, while each Class A warrant will entitle the holder to...