National Security Solutions files for $200 mln IPO

Fri Mar 14, 2008 6:00pm EDT
 
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WASHINGTON, March 14 (Reuters) - National Security Solutions Inc, a blank check company, said on Friday it was planning an initial public offering of as much as $200 million in units.

With each unit costing $10, the company said it has granted the underwriter, Bank of America Securities LLC, the option to buy another 3 million shares to cover over-allotments.

Former U.S. Ambassador Richard Holbrooke is an advisor and former Homeland Security Secretary Thomas Ridge is a director nominee, according to an offering document filed with the U.S. Securities and Exchange Commission.

The Wilmington, Delaware-based company is seeking an American Stock Exchange listing. (Reporting by John Poirier)

 

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