BCM-Backed IPO Raises $28.8M With Mintz Levin's Aid

Law360, New York (October 28, 2011, 4:29 PM EDT) -- An investment affiliate founded by the heads of merchant bank Broadband Capital Management LLC has raised $28.75 million in an initial public offering as part of an effort to raise funds for buyouts, it announced Friday.

With Broadband serving as underwriter, so-called blank check company Committed Capital Acquisition Corp. closed its IPO of more than 5.7 million shares priced at $5 per share, according to a statement.

“Committed Capital was formed for the purpose of acquiring or merging with an operating business,” the company said. “The...
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