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GSC Acquisition Company Announces Completion of Initial Public Offering and Separate Trading of Common Stock and Warrants

    NEW YORK, July 2 /PRNewswire/ -- GSC Acquisition Company (the
"Company"), a newly organized special purpose acquisition corporation,
announced today that it has completed its initial public offering of
20,700,000 units, including 2,700,000 units subject to the underwriters'
over allotment option. The offering priced on June 25, 2007 at $10.00 per
unit, before underwriting discounts and commissions. GSC Acquisition
Company is listed on the American Stock Exchange under the ticker symbol
"GGA.U."
    The offering was led by Citi, acting as sole book-running manager.
Ladenburg Thalmann & Co. Inc. and I-Bankers Securities, Inc. acted as co-
managers.
    In addition, the Company announced today that commencing on July 9,
2007, the holders of the Company's units may elect to separately trade the
common stock and warrants included in the Company's units. Those units not
separated will continue to trade on the American Stock Exchange under the
symbol "GGA.U", and each of the common stock and warrants will trade on the
American Stock Exchange under the symbols "GGA" and "GGA.WS", respectively.
    The offering was made by means of a prospectus, a copy of which can be
obtained from Citi, Brooklyn Army Terminal, 140 58th Street, 8th floor,
Brooklyn, NY 11220 (tel: 718-765-6732).
    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such state.
    About GSC Acquisition Company
    GSC Acquisition Company is a newly organized special purpose
acquisition corporation formed for the purpose of acquiring, through a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or other similar business combination, one or more
businesses or assets with a significant opportunity for growth, located in
the United States or Europe, but not limited to a particular industry.


SOURCE GSC Acquisition Company




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Related links:
  • http://www.gsc.com
    CONTACT:
    Carl J. Crosetto of GSC Group,
    +1-973-437-1007; or Roland Tomforde of Broadgate Consultants,
    LLC, +1-212-232-2222