ACQUICOR TECHNOLOGY INC.
OVER-ALLOTMENT OPTION EXERCISED
NEWPORT BEACH, CALIFORNIA, March 21, 2006 — Acquicor Technology Inc. (AMEX: AQR)
(the “Company”) announced today that the over-allotment
option for its initial public offering was exercised
and consummated to the full extent of 3,750,000 units.
Each unit consists of one share of common stock and
two warrants each exercisable for one share of common
stock. The 25,000,000 units sold in the offering, including
the 3,750,000 units sold pursuant to the underwriters’
over-allotment option, were sold at an offering price
of $6.00 per unit, generating total gross proceeds of
$172,500,000. Of this amount, $164,308,004 (or approximately
$5.72 per share) was placed in trust. ThinkEquity Partners
LLC acted as representative for the underwriters for
the initial public offering. A copy of the prospectus
may be obtained from ThinkEquity Partners LLC, 600 Montgomery
Street, 8th Floor, San Francisco, CA 94111.
The common stock and warrants will begin to trade separately
on April 4, 2006, which is 20 days after the exercise
of the over-allotment option.
Acquicor Technology Inc. is a blank check company recently
formed for the purpose of acquiring or acquiring control
of, through a merger, capital stock exchange, asset
acquisition, stock purchase or other similar business
combination, one or more domestic and/or foreign operating
businesses in the technology, multimedia and networking
This press release shall not constitute an offer to
sell or a solicitation of an offer to buy, nor will
there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation, or
sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
All questions and inquiries for further information
should be directed to Gilbert F. Amelio, Ph.D., Chief
Executive Officer of the Company. He can be reached
via telephone at (949) 759-3434.