Welcome to our dedicated page for FRONU news (Ticker: FRONU), a resource for investors and traders seeking the latest updates and insights on FRONU stock.
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Frontier Acquisition Corp. has successfully closed its initial public offering (IPO) of 23,000,000 units at $10.00 each, raising $230,000,000 in gross proceeds. This includes the exercise of an over-allotment option by underwriters for an additional 3,000,000 units. Each unit consists of one Class A ordinary share and a quarter of a redeemable warrant, with potential to purchase shares at $11.50. The units are traded on Nasdaq under "FRONU," while Class A shares and warrants will trade under "FRON" and "FRONW." The company aims to leverage its leadership team's experience in healthcare and technology for long-term shareholder value.
Frontier Acquisition Corp. has announced the pricing of its IPO, raising $200 million by offering 20 million units at $10.00 each. The units, comprising a Class A ordinary share and a redeemable warrant, will trade on Nasdaq under the ticker symbol 'FRONU,' commencing March 11, 2021. The offering may also include an additional 3 million units to cover over-allotments. The IPO aims to leverage the expertise of its leadership team, which includes notable figures in healthcare and technology, to create long-term shareholder value. The transaction is expected to close on March 15, 2021.
