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Anthemis Digital Acquisitions I Corp closed its initial public offering (IPO) of 23 million units at $10.00 each on Nov. 1, 2021. This includes a full exercise of the underwriters' option for an additional 3 million units. Trading began on Nasdaq under the symbol ADALU on October 28, 2021. Each unit comprises one Class A share and a warrant for purchasing additional shares at $11.50. The company plans to identify businesses in financial services or fintech for potential acquisitions.
Anthemis Digital Acquisitions I Corp announced its initial public offering (IPO) of 20 million units, priced at $10.00 each, set to commence trading on the Nasdaq under the symbol ADALU on October 28, 2021. Each unit consists of one Class A ordinary share and one-half of a warrant, exercisable at $11.50. The company aims to target businesses in financial services or fintech for its initial business combination. The offering includes a 45-day option for underwriters to purchase up to 3 million additional units. The IPO reflects the company's strategy to focus on diversity and inclusivity in the fintech ecosystem.
