SouthPeak Goes Public Through Reverse Acquisition
SouthPeak Interactive plans to access the public markets by acquiring a majority of the common stock of Global Services Partners Acquisition Corp. (GSPAC).
In May, SouthPeak expects that it will complete a round of institutional financing that will allow it to acquire the majority of GSPAC. The transaction will value SouthPeak at around $35 million, and after the companies are consolidated, GSPAC will change its name to SouthPeak Interactive Corporation.
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