Tom McMillen Pitches Another IPO
Former Washington basketball star, and congressman, Tom McMillen and his partner Harvey Weiss are planning an IPO for a second blank-check company called Fortress America Acquisition Corp. II. They filed a registration statement with the Securities and Exchange Commission to offer shares at $8 a pop, raising up to $92 million.
It's called a blank-check company because he and his investors want to use the money to buy one or more businesses operating in the homeland security industry. The pair successfully raised $42 million for the first iteration of Fortress America, which bought two companies: Total Site Solutions and Vortech.
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