Sacramento, Sacramento County, California: SPACircle Acquisition Corp. Completes $100 Million Initial Public Offering; 10 Million Units Trade on Nasdaq
SPACircle Acquisition Corp., based in Sacramento, Sacramento County, California, announced on October 28 that it had completed its initial public offering of 10,000,000 units at $10.00 per unit, raising $100 million.
The units began trading on October 27 on the Nasdaq Global Market under the symbol SCQCU. Each unit consists of one Class A ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-half of one Class A ordinary share upon completion of an initial business combination. Of the proceeds from the offering and a simultaneous private placement, $100.5 million, or $10.05 per unit, was placed in trust.
SPACircle is a special purpose acquisition company formed to effect a merger, acquisition or similar business combination with one or more businesses in any industry. D. Boral acted as sole book-running manager, and the underwriters have a 45-day option to purchase up to an additional 1.5 million units. The registration statement was declared effective by the SEC on October 26.
Source: GSM News
Source: GSM · USA (original Chinese edition)
Photo: 萨克拉门托市中心 / Downtown Sacramento
