Prospect Acquisition Corporation Ipo

Prospect acquisition corporation ipo

Initial Public Offering (IPO) Process

Prospect Acquisition Corp.| Stamford, CT

Prospect Acquisition Corp.

was a special purpose acquisition company, more commonly known as a SPAC, formed for the purpose of acquiring control of one or more businesses in the financial services industry. In November 2007, Prospect raised $250 million in its IPO (AMEX:PAX).

As a sponsor of Prospect, LLM made an investment in Prospect, simultaneously with the offering.

Prospect acquisition corporation ipo

LLM and the other sponsors’ investments plus the funds raised in the IPO were deposited into a trust account and were ultimately used to consummate a business combination in the financial services industry.

Kennedy-Wilson Inc.| Beverly Hills, CA

On November 13, 2009, Prospect Acquisition Corp. completed its merger with Kennedy-Wilson, Inc., a vertically-integrated real estate investment and services company headquartered in Beverly Hills, CA.

Prospect has been renamed Kennedy-Wilson Holdings, Inc.

Prospect acquisition corporation ipo

and its common stock and warrants trade publicly under the symbols “KW” and “KWICW”, respectively.