Chart Acquisition Corp. Units (CACGU)

CACGU was the ticker for the units of Chart Acquisition Corp., a special purpose acquisition company sponsored by Chart Acquisition Group, an affiliate of The Chart Group, a New York merchant banking firm. The SPAC was led by chairman and chief executive Joseph Wright. It closed its initial public offering on December 19, 2012, selling 7.5 million units at $10.00 each on the Nasdaq Capital Market. Each unit consisted of one share of common stock and one warrant to buy another share at $11.50.

The units began trading separately on February 4, 2013, when the common stock and warrants started trading under CACG and CACGW, though the units also stayed listed. The SPAC needed several deadline extensions, and many holders redeemed shares for cash along the way. In January 2015 it agreed to merge with Tempus Applied Solutions, a Williamsburg, Virginia, firm offering aircraft modification, flight training and special mission aviation services to government and commercial clients.

In early 2015 Nasdaq suspended and moved to delist Chart's securities, and the units, shares and warrants moved to the OTCQB marketplace. The merger closed on July 31, 2015, with Chart becoming a subsidiary of the new parent, Tempus Applied Solutions Holdings. Chart shares and warrants were exchanged one for one into Tempus Holdings stock and warrants, which began trading on the OTCQB as TMPS and TMPSW, and the CACGU units ceased to exist.