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Essentium and Atlantic Coastal Acquisition Corporation have announced a definitive business combination agreement. The merger is expected to finalize around the end of Q1 2022, with the combined entity to be listed on Nasdaq under the ticker 'ADTV.' The transaction values the combined company at approximately
Atlantic Coastal Acquisition Corp. has announced the issuance of an additional 4,500,000 units following the full exercise of the underwriters' over-allotment option in its initial public offering. Priced at $10.00 per unit, this issuance generated an extra $45,000,000, raising the total gross proceeds to $345,000,000. Starting April 26, 2021, holders of these units can separately trade the shares of Class A common stock and warrants. The units will continue to trade on Nasdaq under the symbol 'ACAHU.'
Atlantic Coastal Acquisition Corp. (ACAH) has successfully closed its initial public offering (IPO) of 30 million units at $10.00 per unit, raising a total of $300 million. The units are now traded on Nasdaq under the ticker symbol 'ACAHU'. Each unit comprises one share of Class A common stock and one-third of a warrant, with whole warrants exercisable for one share at $11.50. The company aims to pursue mergers or acquisitions in various sectors. The offering was managed by BTIG, LLC, with co-managers including Academy Securities and Loop Capital Markets.
Atlantic Coastal Acquisition Corp. has priced its initial public offering (IPO) of 30,000,000 units at $10.00 per unit. The units will trade on NASDAQ under the symbol ACAHU starting March 4, 2021. Each unit comprises one share of Class A common stock and one-third of a warrant, with whole warrants allowing purchase at $11.50 per share. An additional 4,500,000 units may be purchased by the underwriter within 45 days for overallotments. The offering closes on March 8, 2021, pending standard closing conditions.
