Arisz Acquisition Corp. Announces Pricing of $60 Million Initial Public Offering on NASDAQ
Arisz Acquisition Corp. (ARIZ) has announced the pricing of its initial public offering (IPO) of 6,000,000 units at $10.00 per unit, set to begin trading on NASDAQ under the ticker symbol ARIZU on November 18, 2021. Each unit includes one share of common stock, a right to receive 1/20 of a share upon a business combination, and a redeemable warrant for three-fourths of a share at $11.50. The offering closes on November 22, 2021, with Chardan as the sole book-running manager. A 45-day option for underwriters to purchase an additional 900,000 units is also granted.
- Successful IPO pricing of 6 million units at $10.00 each, demonstrating investor interest.
- Additional 900,000 units available for purchase by underwriters, indicating confidence in the offering.
- None.
NEW YORK , Nov. 17, 2021 (GLOBE NEWSWIRE) -- Arisz Acquisition Corp. (“ARIZ”) announced today the pricing of its initial public offering of 6,000,000 units at a price of
Chardan is acting as sole book-running manager of the offering. ARIZ has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 17, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained by contacting Chardan, 17 State Street, 21st Floor, New York, New York 10004, or by calling (646) 465-9001. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
About Arisz Acquisition Corp.
ARIZ is led by founder Echo Hindle-Yang (CEO). ARIZ is a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region ARIZ’s target operates in, ARIZ intends to pursue targets in the healthcare industry. The proceeds of the offering will be used to fund such business combination.
Cautionary Note Concerning Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of ARIZ’s initial public offering and search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. ARIZ expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in ARIZ’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
ARIZ Contact:
Echo Hindle-Yang
Chief Executive Officer
Arisz Acquisition Corp.
+1212-845-9945
hindleyang@ariszacquisition.com
FAQ
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