SCG Financial Acquisition Announces Pricing of $80,000,000 Initial Public Offering, $10.00 Per Unit (SCGQU, LTS)

SCG Financial Acquisition (SCGQU) today announced the pricing of its initial public offering of 8,000,000 units at a price of $10.00 per unit for gross proceeds of $80,000,000.  Each unit issued in the initial public offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $11.50 per share. Lazard Capital Markets LLC acted as sole book-running manager of the offering.  Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. LTS, acted as co-manager of the offering. Ellenoff Grossman & Schole LLP acted as counsel to the Company and Greenberg Traurig, LLP acted as legal counsel to the underwriters.