ABOUT NAUTILUS MARINE ACQUISITION CORP.
Nautilus Marine Acquisition Corp. is a newly-organized blank check company formed pursuant to the laws of the Republic of the Marshall Islands for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, exchangeable share transaction or other similar business transaction with one or more operating businesses or assets that we have to identify.
The international maritime shipping, offshore and related maritime services industries, presents attractive opportunities for consolidation and growth and a favorable area in which to attempt to consummate a business transaction. Our executive officers and directors have extensive experience in the shipping and transportation industry. We intend to leverage the industry experience of our executive officers, by focusing our efforts on identifying a prospective target business in the shipping industry.
Our executive officers, were founders, officers and directors of a blank check company, Star Maritime Acquisition Corp. (AMEX:SEA), which on December 21, 2005 conducted an initial public offering raising $189 million and subsequently on November 27, 2007 consummated a business combination with a fleet of dry bulk vessels and started trading on the Nasdaq Stock Market as Star Bulk Carriers Corp. (Nasdaq:SBLK).