Website: N/A
Stock Symbol: NYSE: KS
Market Value: N/A (in millions)
KapStone Paper and Packaging Corporation, formerly Stone Arcade Acquisition
Corporation, ("KapStone" or the "Company") was formed as a special purpose
acquisition corporation on April 15, 2005 for the purpose of effecting a merger,
capital stock exchange, asset acquisition or other similar business combination
with an unidentified operating business in the paper, packaging, forest products
and related industries.
On August 19, 2005, we consummated our initial public offering of 20,000,000
units with each unit consisting of one share of our common stock and two
warrants. Each warrant entitles the holder to purchase one share of our common
stock at an exercise price of $5.00 per share. The units sold in our initial
public offering were sold at an offering price of $6.00 per unit, generating
gross proceeds of $120.0 million.