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Accretion Acquisition Corp. announced the commencement of separate trading for its common stock, rights, and warrants starting December 1, 2021. Each unit comprises one common stock share, one right (entitling holders to 1/10 of a common share upon a merger), and half a warrant (with each full warrant priced at $11.50). The respective symbols for trading will be ENER for common stock, ENERR for rights, and ENERW for warrants, while the units will trade under ENERU. This follows the effective registration statement from October 20, 2021.
Accretion Acquisition Corp. (NASDAQ: ENERU) announced the completion of the sale of an additional 2,700,000 units due to the full exercise of the underwriters' over-allotment option. The public offering price was $10.00 per unit, bringing the total units issued in the initial public offering to 20,700,000 and gross proceeds to $207,000,000. Each unit includes one share of common stock, a right to receive one-tenth of a share upon a business combination, and half a warrant. The units and their separate components are expected to be listed on Nasdaq under their respective symbols.
Accretion Acquisition Corp. (NASDAQ: ENERU) has successfully closed its upscaled initial public offering, raising $180 million from the sale of 18 million units priced at $10.00 each. The units began trading on the Nasdaq on October 21, 2021. Each unit comprises one common share, one right to receive one-tenth of a share upon a successful business combination, and half a warrant for purchasing additional shares at $11.50 each. The underwriters have a 45-day option to acquire an additional 2.7 million units.
Accretion Acquisition Corp. (NASDAQ: ENERU) has announced the pricing of its upsized initial public offering, consisting of 18,000,000 units at $10.00 per unit. Trading will begin on Nasdaq on October 21, 2021. Each unit includes one share of common stock, one right to a fractional share upon business combination, and one-half of a warrant, granting the right to purchase additional shares at $11.50 each. The company has also granted underwriters a 45-day option for an additional 2,700,000 units. Registration statements were effective as of October 20, 2021.
