Alternative Asset Management Acquisition Corporation (AAMAC) has entered into an agreement with Victory Park Capital Advisors. It is anticipated that Victory Park will effect purchases of AAMAC’s common stock through independent, privately negotiated transactions with third parties, who are institutions or other sophisticated investors that have voted against or indicated an intention to vote against the acquisition.
All shares purchased as a result of this Victory Agreement will be voted in favor of each of the stockholder proposals to be presented at the Special Meeting of Stockholders. Proposals are set forth in the definitive proxy statement/prospectus, dated July 20, 2009, filed with the Securities and Exchange Commission.
No funds other than those payable to Victory Park may be released from the trust account containing the net proceeds of AAMAC’s initial public offering following the consummation of the acquisition, until AAMAC has paid Victory Park pursuant to the Victory Purchase Agreements in full.
AAMAC also entered into additional agreements to purchase shares of its common stock sold in its initial public offering in privately negotiated transactions. Pursuant to the Stock Purchase Agreements, the holders have agreed to give AAMAC’s management proxies to vote their shares in favour of each of the stockholder proposals set forth in the Definitive Proxy Statement/Prospectus.
New York-based AAMAC is a blank check company formed for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination one or more businesses or assets.
