Quartet Merger Corp. ("Quartet") is a blank check company that IPOed in November 2013 raising about USD98.5 million currently held in a trust account. Quartet's units (QTETU), common stock (QTET) and rights (QTETR) are listed on Nasdaq. Joel Greenblatt is an initial shareholder (invested pre-IPO) and special advisor to Quartet. In the past, Quartet's Chairman and CEO, Eric Rosenfeld, worked with Joel Greenblatt on three special purpose acquisition companies that all completed business combinations.
Eric Rosenfeld lost no time searching for a suitable combination, eventually entering into merger discussions with Pangaea Logistics Solutions Ltd. ("Pangaea"). Joel Greenblatt played a key role during the process as Quartet's special advisor, particularly during the latter part of the negotiations. On April 30,...
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