Ithaka Acquisition Corp. is a blank check company formed on April 4, 2005 to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business in the healthcare industry.

On August 23, 2005, we closed our initial public offering of 8,500,000 units with each unit consisting of one share of our common stock and two warrants, each to purchase one share of our common stock at an exercise price of $5.00 per share. On September 20, 2005, we consummated the closing of an additional 349,100 units which were subject to the over-allotment option. The units were sold at an offering price of $6.00 per unit, generating total...