Pacific Special Acquisition Corp. Announces Consummation of Over-Allotment Exercise in Connection With Its Initial Public Offering

NEW YORK and SHANGHAI, Oct. 23, 2015 /PRNewswire/ -- Pacific Special Acquisition Corp. (Nasdaq: PAACU) ("Pacific" or the "Company") announced today that the underwriters of its initial public offering have exercised their over-allotment option in full to purchase 750,000 units and that the closing of the sale of such units has taken place. The option units were sold at an offering price of $10.00 per unit, generating additional gross proceeds of $7,500,000 to the Company and bringing the total gross proceeds of the initial public offering to $57,500,000. In connection with the over-allotment option exercise, Zhengqi...