Key Developments For Exceed Company Ltd
Exceed Company Ltd (EDS.O) (Consolidated Issue listed on NASDAQ Capital Market)
Exceed Company Ltd. Announces Changes Of Exchange From AMEX To NASDAQ-Exchange Change
The Stock Exchange reported that Exceed Company Ltd. has changed its exchange from AMEX to NASDAQ.
Exceed Company Ltd. Announces Completion Of Transaction With 2020 ChinaCap Acquirco, Inc. And Windrace International Company Limited
Exceed Company Ltd., the successor to 2020 ChinaCap Acquirco, Inc. announced the completion of the acquisition of the outstanding shares of Windrace International Company Limited (the Acquisition) and the redomestication of 2020 to the British Virgin Islands through a merger of 2020 with and into the Company (the Redomestication). The terms of the deal were not disclosed.
2020 ChinaCap Acquirco, Inc. Stockholders Approve Acquisition of Windrace International Company Limited
2020 ChinaCap Acquirco, Inc. announced that its stockholders have approved all proposals related to the acquisition by 2020 of Windrace International Company Limited (WHL). WHL is one of the branded sportswear companies in China that is engaged in the design, manufacturing, trading and distribution of sporting goods, including footwear, apparel and accessories, in the People's Republic of China (PRC). The vote to approve the acquisition took place on October 19, 2009, at the Company's special meeting of stockholders. The transaction is expected to close on October 21, 2009. Prior to the completion of the transaction, the Company will be merged into its wholly owned subsidiary incorporated in the British Virgin Islands, Exceed Company Limited (Exceed), with Exceed as the surviving entity. This will result in the redomestication of the Company to the British Virgin Islands. 2020 changed its ticker symbols from TTY, TTYWW and TTYUU for its common stock, warrants and units respectively to EDS, EDSWW and EDSUU, respectively on October 19, 2009. Upon completion of the transaction, the common stock, warrants and units of Exceed will continue to trade on the NASDAQ Stock Market under the new ticker symbols.
2020 ChinaCap Acquirco, Inc. Announces Transfer of Listing to Nasdaq
2020 ChinaCap Acquirco, Inc. announced that it has been approved to list its common stock, warrants and units, and expects to begin trading on the Nasdaq Stock Market on October 12, 2009, under the symbols TTY, TTY.WS and TTY.U, respectively. The Company's common stock, warrants and units will continue to trade on the NYSE Amex under the symbols TTY, TTY.WS and TTY.U, respectively, through the end of the trading day on October 9, 2009. The expected transfer of the Company's listing is taking place in connection with the proposed redomestication of the Company in the British Virgin Islands through a merger with its wholly owned subsidiary, Exceed, Ltd. and subsequent proposed acquisition by Exceed of Windrace International Company Ltd., each of which is subject to approval by the stockholders of the Company. Exceed has applied to list its securities on the Nasdaq Stock Market upon the consummation of the redomestication and acquisition.
2020 ChinaCap Acquirco, Inc. Announces Exercising Of Over Allotment Units
2020 ChinaCap Acquirco, Inc. announced that the underwriters of its Initial Public Offering have exercised their over-allotment to the extent of 1,125,000 units. Each unit consists of one share of common stock and one warrant. The 8,625,000 units sold in the offering, including the 1,125,000 units subject to the over- allotment option, were sold at an offering price of $8.00 per unit, generating gross proceeds of $69,000,000. $68,090,685, including $2,265,000 of proceeds from the previously announced private placement of warrants to entities affiliated with the management team, has been placed in trust. Morgan Joseph & Co. Inc. acted as the book running manager and GunnAllen Financial, Inc., Legend Merchant Group, and Maxim Group LLC acted as co- managers.
