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Blank check company Raycliff Acquisition Corp. files for an IPO

December 28, 2007

Raycliff Acquisition Corp., a newly formed blank check company intending to focus on financial services firms other than those with asset management as their principal business, filed for an IPO with the SEC on Friday. The company plans to offer 20 million units at an expected price of $10 per unit. Deutsche Bank is the lead manager on the deal.