On May 25, 2007, the initial public offering (“IPO”) of 7,500,000 units of Arcade Acquisition Corp. (the “Company”) was consummated. Each unit issued in the IPO (the “Units”) consists of one share of common stock, $.0001 par value per share (the “Common Stock”), and one warrant, each warrant to purchase one share of Common Stock at an exercise price of $6.00 per share. The Units were sold at an offering price of $8.00 per Unit, generating gross proceeds of $60,000,000. Prior to the consummation of the IPO, the Company completed a private placement of 2,000,000 warrants to an entity affiliated with the Company’s executive officers and directors generating gross proceeds of $2,000,000. The audited financial statements as of May 25, 2007 reflecting receipt of the proceeds of the IPO and the private placement are included as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
Exhibits:
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Exhibit No. |
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Description |
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1.1 |
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Underwriting Agreement |
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10.6 |
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Warrant Purchase Agreement between Arcade Acquisition Investors, LLC and the Company |
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99.1 |
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Press release dated May 31, 2007 |
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99.2 |
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Audited Financial Statements |
SIGNATURE Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized. Dated: May 31, 2007 ARCADE ACQUISITION CORP. By: /s/ Jonathan Furer Name: Jonathan Furer Title: Chief Executive Officer EXHIBIT INDEX Exhibit No. Description 1.1 Underwriting Agreement 10.6 Warrant Purchase Agreement between Arcade
Acquisition Investors, LLC and the Company 99.1 Press release dated May 31, 2007 99.2 Audited Financial Statements