NEW YORK, NY July 11, 2013 – Silver Eagle Acquisition Corp. (the “Company”), an acquisition vehicle formed by media executives Harry E. Sloan and Jeff Sagansky, announced today that it intends to commence its initial public offering of 25,000,000 units at $10.00 per unit. The Company intends to grant the underwriters a 45-day option to purchase up to 3,750,000 additional units. Each unit issued in the initial public offering will consist of one share of the Company’s common stock and one warrant to purchase one half of one share of common stock at an exercise price of $5.75 per half share.
Silver Eagle Acquisition Corp. was formed for the purpose of acquiring one or more businesses through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. Its efforts in identifying a prospective target business will be focused on, but not limited to, the media and entertainment industries. The Company’s sponsor is Global Eagle Acquisition LLC, which was also the sponsor of Global Eagle Acquisition Corp.
Deutsche Bank Securities Inc. is acting as the sole book runner for the proposed offering.