Universal Business Payment Solutions Acquisition Corp
Completed 2012-12-28- CIK 1507986
- UBPS
- IPO 2011-05-11
- $68.8M trust
- 317 filings
Successfully merged with AD Computer Corporation
- IPO Size
- $72M
- raised at the IPO
- Trust
- $68.8M
- as of 2012-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2011
- year it listed
Filings, by quarter
317 filings over 33 quarters; violet bars carry a milestone
- 10 Q4: 2 filings
- 11 Q1: 9 filings
- 11 Q2: 22 filings
- 11 Q3: 6 filings
- 11 Q4: 1 filing
- 12 Q1: 5 filings
- 12 Q2: 2 filings
- 12 Q3: 9 filings
- 12 Q4: 24 filings
- 13 Q1: 30 filings
- 13 Q2: 12 filings
- 13 Q3: 25 filings
- 13 Q4: 9 filings
- 14 Q1: 6 filings
- 14 Q2: 7 filings
- 14 Q3: 4 filings
- 14 Q4: 4 filings
- 15 Q1: 4 filings
- 15 Q2: 5 filings
- 15 Q3: 10 filings
- 15 Q4: 7 filings
- 16 Q1: 5 filings
- 16 Q2: 14 filings
- 16 Q3: 10 filings
- 16 Q4: 8 filings
- 17 Q1: 9 filings
- 17 Q2: 6 filings
- 17 Q3: 5 filings
- 17 Q4: 9 filings
- 18 Q1: 9 filings
- 18 Q2: 4 filings
- 18 Q3: 6 filings
- 18 Q4: 29 filings
- S-1 filed 10 Q4
- IPO 11 Q2
- Definitive agreement 12 Q4
- Completed 12 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Universal Business Payment Solutions Acquisition Corporation is a blank-check company formed to acquire one or more operating businesses. It expects to focus on financial services and seeks payment-processing platform companies, with potential follow-on acquisitions in related areas.
Investment Focus
Financial Services, Payment Platforms
Key Information
As the filings state it
- IPO Date
- 2011-05-11
- Total Redemptions
- $60.8M
- PIPE
- $10M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2012-12-28
- Merger Target
- AD Computer Corporation
- SPAC Ticker
- UBPS
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team is led by Bipin C. Shah, an experienced financial-services and payments entrepreneur, alongside directors and officers with backgrounds in financial services, banking, payment processing, investment management, and business leadership.