The RLJ Companies Announces Intent to Form a $125 Million SPAC

Robert L. Johnson forms Special Purpose Acquisition Company

Dec 04, 2010, 14:00 ET from The RLJ Companies

BETHESDA, Md., Dec. 4, 2010 /PRNewswire/ -- Robert L. Johnson, Chairman of The RLJ Companies and founder of Black Entertainment Television, today announced that RLJ has filed with the Securities and Exchange Commission a registration statement for a proposed $125 million public offering of units by RLJ Acquisition, Inc., a newly-formed Special Purpose Acquisition Company ("SPAC"). A SPAC, also known as a blank check company, is a publicly traded vehicle utilized to effect a business combination with one or more target companies.  RLJ Acquisition, Inc. proposes to sell 12,500,000 units, each unit consisting of one share of common stock and one warrant, for a purchase price of $10.00 per unit, in an offering to be underwritten by Lazard Capital Markets.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be a sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

When available, copies of the preliminary prospectus relating to the offering may be obtained from:

Lazard Capital Markets, LLC

30 Rockefeller Plaza

New York, NY 10020

ATTN: Syndicate Department

Telephone: 800.542.0970

Facsimile: 212.632.6984

Business Inquiries:  Lisa Warner Pickrum, 301.280.7703 or  

Media Inquiries: Traci Otey Blunt, 240.743.7620 or

SOURCE The RLJ Companies