M.M. Dillon & Co. (“Dillon”) was approached by Maxim Group LLC (“Maxim”) to act as a co-manager for the IPO of Asia Special Situation Acquisition Corp. (“ASSA”). Maxim and Dillon were able to raise $100,000,000 (10,000,000 shares at $10.00/share), with an overallotment option exercised for an additional $15,000,000 for a total of $115,000,000.
About Asia Special Situation Acquisition Corp
Asia Special Situation Acquisition Corp. (“ASSAC”) is a blank check company formed by Angela Ho and Dr. Gary Hirst for the purpose of acquiring all or a majority interest in one or more unidentified operating businesses that are either located in Asia, provide products or services to consumers located in Asia, or invest in Asia. ASSAC intends to focus their efforts on acquiring an operating business in the leisure and hospitality or financial services industries, that either invests in, is located in or provides products or services to consumers located in China.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.