We are offering 1,250,000 units (the “Units”) of Asia Cork, Inc., a Delaware corporation (the “Company”) (the “Offering”). Each of the Units offered hereby consists of one share of our Common Stock, $.0001 par value per share (the “Common Stock”), and one warrant entitling the registered holder of the Unit to purchase one share of Common Stock (the “Warrants”). The Warrants are exercisable to purchase one share of Common Stock at $7.80 per share through November ___, 2015 (five years after the date of the closing). Each share of Common Stock and Warrant will not be separately tradeable for a period of one year, unless sooner as may be approved by the Managing Underwriter, in its sole discretion. The Warrants are subject to redemption commencing one year after the date hereof at $.05 per Warrant on 20 days prior written notice provided the closing price of the Common Stock for the twenty (20) consecutive trading days ending within fifteen (15) days of the date of notice of redemption averages in excess of $11.70 per share. (180% of the initial Offering price) See “Description of Securities.” None of our officers, directors or affiliates may purchase Units in this Offering. We expect that the Offering price of the Units will be $6.50 per Unit.
We are a reporting Company under the Securities Exchange Act of 1934, as amended. Our Common Stock is quoted on the OTC Bulletin Board maintained by the Financial Industry Regulatory Authority (“FINRA”) under the symbol “AKRK.” The last reported sale price for our Common Stock on September 16, 2010 was $.22 per share, as reported on the OTC Bulletin Board. We intend to apply to have the Units listed on the American Stock Exchange (“AMEX”) or NASDAQ Stock Market LLC (“NASDAQ”) under the symbol “_____” on or promptly after the date of this prospectus. Common Stock. Prior to their separate trading we will apply to have the Common Stock and warrants comprising the units listed on AMEX or NASDAQ under the symbols “___” Common Stock [and anticipate having our Common Stock approved for listing as of the date of this prospectus].
Building Products
hawkassociate...