Akin Gump Advises Underwriter in IPO of Boulevard Acquisition Corp.

(New York) – Akin Gump advised Citigroup as the underwriter for Boulevard Acquisition Corp.’s initial public offering, which, following the partial exercise by the underwriter of its over-allotment option, has now generated aggregate net proceeds of approximately $220.29 million.

Boulevard Acquisition Corp., a special purpose acquisition company, initially sold 21 million units in its IPO, with each unit consisting of one share of Boulevard’s common stock and one-half of one warrant, at a price of $10 per unit. Each whole warrant will entitle the holder thereof to purchase one share of Boulevard’s common stock at a price of $11.50 per share, subject to adjustment, and only whole warrants will be exercisable. Following the closing of its IPO on February 19, Boulevard subsequently sold an additional 1.05 million units on March 13 to cover over-allotments, at an offering price of $10 per unit.

The Akin Gump team representing Citigroup included corporate partners Bruce Mendelsohn and Alice Hsu, corporate counsel Amy Lanctot and corporate associate Alena Geffner-Mihlsten.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.

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