We are not presently engaged in, and we will not engage in, any substantive commercial business for an indefinite period of time. We intend to utilize cash derived from the proceeds of our initial public offering, our capital stock, debt, or a combination of these in effecting a business combination. Although substantially all of the net proceeds of our initial public offering are intended to be applied generally toward effecting a business combination, the proceeds are not otherwise being designated for any more specific purposes. Accordingly, there is no current basis for stockholders to evaluate the specific merits or risks of any one or more business combinations. A business combination may involve the acquisition of, or merger with, a company that does not need substantial additional capital but that desires to establish a public trading market for its shares, while avoiding what it may deem to be adverse consequences of undertaking a public offering itself. These include time delays, significant expense, loss of voting control, and compliance with various Federal and state securities laws. While some such candidates will view a business combination with our company favorably in light of such considerations, other candidates may view a potential combination unfavorably because of certain disadvantages inherent in a business combination with us. See Item 1, “Business — Competition” for a discussion of these disadvantages. While we may seek to effect simultaneous business combinations with more than one target business, we will probably have the ability, as a result of our limited resources, to effect only a single business combination. While we have not selected any target business or target industry on which to concentrate our search for a business combination, we are currently in the process of identifying and evaluating targets for an initial transaction. We do not have any specific merger, stock exchange, asset acquisition, reorganization, or other business combination under consideration or contemplation but we have met with prospective acquisition targets, service professionals and other intermediaries to discuss our company, the background of our management and our business combination preferences. As of the date of filing of this report we have not consummated any business combination or entered into any definitive business combination agreement. We cannot assure you that we will be able to locate a target business or that we will be able to engage in a business combination with a target business on favorable terms.
Company profile
Ticker
AXG
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
260852483
Latest filings (excl ownership)
DEF 14A
Definitive proxy
4 Mar 10
15-12B
Securities registration termination
22 Feb 10
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
22 Feb 10
PRE 14A
Preliminary proxy
22 Feb 10
25-NSE
Exchange delisting
16 Feb 10
25-NSE
Exchange delisting
16 Feb 10
8-K
Atlas Acquisition Holdings Corp. Announces Termination of Business
12 Feb 10
425
Business combination disclosure
11 Feb 10
8-K
Atlas Acquisition Holdings Corp. Announces Entry
11 Feb 10
CORRESP
Correspondence with SEC
11 Feb 10