Welcome to our dedicated page for FRONW news (Ticker: FRONW), a resource for investors and traders seeking the latest updates and insights on FRONW 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.