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L&L Acquisition Corp. | Boston, MA
L&L Acquisition Corp. (OTCBB: LLAQU) is a newly-organized blank check company (more commonly known as a SPAC) formed for the purpose of acquiring one or more businesses in the healthcare industry. In November 2010, L&L Acquisition Corp. raised $40 million in an IPO. As part of the sponsors' investment, LLM invested $6.6 million in L&L Acquisition Corp. The $40 million raised was deposited into a trust account and may ultimately be used (potentially in combination with debt and the issuance of additional stock) to consummate a business combination in the healthcare industry.
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