RLJ Acquisition Inc. Raises $143.75M; Commences Search for Business Combination

Robert L. Johnson, Chairman of The RLJ Companies and founder of
Black Entertainment Television (BET), announced today that RLJ Acquisition, Inc. (the “Company”) actively commenced its search for a business combination following its successful initial public offering. RLJ
Acquisition, Inc. is a special purpose acquisition company (“SPAC”), also known as a blank check company, a publicly traded vehicle that raised gross proceeds of $143.75 million.