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ZAIS Group (ZAIS) – Going Private – 23% upside

Current Price – $3.25

Acquisition Price – $4.00

Upside – 23%

Expiration Date – TBD

This is a microcap arbitrage opportunity  that was suggested by one of the members (thank you Ivan). CEO is willing to take this failed SPAC private at 23% premium to current share price.



Pendrell (PCO) – Going Private – Potential for 18% upside

Current Price – $6.36

Expected Cash-out – $6.55-$7.5

Upside – 18%

Expiration Date – expected by June 30, 2017

In the base case this trade has only $20 upside, but there is an embedded free option which might or might not materialize. It is definitely an interesting case from educational perspective.

       

Cimetrix Inc (CMXX)- Going Private Transaction – $199 upside

Current Price – $0.14

Offer Price – $0.15 (for holders of less than 20,000 shares)

Upside – 7% or $199 for holders of 19,999 shares

Expiration date – TBD

SEC Filling

Trading Strategy:

Buy 19999 shares of CMXX and wait for the reverse-split

Summary:

To accomplish the reduction in the number of record holders of the Common Stock, the Company will effect a reverse stock split of its outstanding Common Stock, whereby each 20,000 shares of Common Stock outstanding as of the effective date of



Monarch Cement (MCEM) – Going Private Transaction – $599 potential

Current Price – $29.00

Offer Price – $30.00 (for holders of less than 600 shares)

Upside – 3.5% or $599 for holders of 599 shares

Expiration date – 5th Dec 2014 shareholder meeting to decide whether to proceed with the proposed transaction

SEC Filling

Trading Strategy:

Buy 599 shares of MCEM and wait for reverse-split after the shareholder meeting (4th December 2014)

Summary:

The Board of Directors has authorized amendments to the Company’s Articles of Incorporation that would effect a 1-for-600 Reverse Stock



First Physicians Capital Group (FPCG) – Going Private Transaction – $220 Upside

Current Price – $0.44

Offer Price – $0.55

Upside – 25% or $220 for holders of 1999 shares

Expiration date – not announced yet

SEC Filling

Trading Strategy:

Buy 1999 shares of FPCG and wait for reverse-split after the shareholder meeting (meeting date has not been set yet)

Summary:

The Board has authorized a 1-for-2,000 Reverse Stock Split, subject to stockholder approval at the Meeting. The intended effect of the Reverse Stock Split is to reduce the number of record holders of our common