WASHINGTON (February 21, 2006) – Sutherland Asbill & Brennan served as counsel to Global Logistics Acquisition Corporation (AMEX: GLA-U) in its initial public offering of 10,000,000 units, which closed on February 21,2006.
Global Logistics Acquisition Corporation is a special purpose acquisition corporation, or SPAC, designed to serve as a vehicle for the acquisition of one or more operating businesses in the transportation and logistics sector, and related industries. The company raised gross proceeds of $80 million, at an offering price of $8 per unit, in the offering. Each unit consists of one share of common stock and one warrant to purchase an additional share of common stock.
The Sutherland Asbill & Brennan team was led by members of the firm's securities and corporate governance group, including partner Cynthia M. Krus, counsel Christopher M. Zochowski and associates John J. Mahon and Marc E. Rivera. BB&T Capital Markets, a division of Scott & Stringfellow, Inc., served as lead underwriter for the offering.
Sutherland Asbill & Brennan LLP is a national law firm known for solving challenging business problems and resolving unique legal issues for many of the nation's largest companies. Founded in 1924, the firm has grown to more than 425 lawyers with offices in Atlanta, Austin, Houston, New York, Tallahassee and Washington. For further information about the firm, please visit sutherland.com.
Inquiries related to this transaction may be directed to Cynthia M. Krus, chair of the Sutherland Asbill & Brennan Securities/Corporate Governance Group at 202.383.0218 or firstname.lastname@example.org.