Blank Check IPO: Global Alternative Asset Management

Global Alternative Asset Management (GAAM.U) is a SPAC sponsored by Fortune Management and is focused on the alternative asset management sector. The company is expected to go public this week.

All quotations are from the company's most recent S-1 filing with links provided.

Business Overview (from prospectus)

We are a blank check company organized under the laws of the State of Delaware on August 24, 2007. We were formed with the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. To date, our efforts have been limited to organizational activities.

We intend to focus our efforts on seeking a business combination with an operating company in the alternative asset management sector or a related business, meaning a business providing services or products to alternative asset management businesses or to investors in such businesses. Such related businesses could include back-office administrative services, information technology service providers and advisory and administrative service providers to high-net worth families and investors, third-party marketers and family offices. Businesses in the alternative asset management sector are commonly referred to by such categories as hedge funds, private equity funds, real estate funds or distressed funds, among others. Alternative asset management portfolios typically include a significant performance fee component and measure success in terms of absolute returns rather than comparisons to benchmark indices.

Offering: 20.0 million shares at $10.00 per share. Net proceeds of approximately $192,175,000 will be placed in a trust account to be maintained by Continental Stock Transfer & Trust Company, New York, New York, as trustee. The proceeds held in the trust account may be used as consideration to pay the sellers of a target business with which the company completes a business combination. Any amounts not paid as consideration to the sellers of the target business may be used to finance operations of the target business.

Lead Underwriters: Maxim Group LLC, EarlyBird Capital, Inc.

Financial Highlights:

We have neither engaged in any operations nor generated any revenues to date. Our entire activity since inception has been to prepare for our proposed fundraising through an offering of our equity securities. We do not have any specific initial business combination under consideration. We have not, nor has anyone on our behalf, contacted any prospective target business or had any discussions, formal or otherwise, with respect to such a transaction.