Welcome to our dedicated page for Integral Acquisition Corporation 1 Unit news (Ticker: INTEU), a resource for investors and traders seeking the latest updates and insights on Integral Acquisition Corporation 1 Unit stock.
Integral Acquisition Corporation 1 Unit (symbol: INTEU) is a NASDAQ-listed Special Purpose Acquisition Company (SPAC) focused on merging with a high-growth company from Australia and/or New Zealand. The company completed its IPO in November 2021, raising total gross proceeds of US$116.7 million. Additionally, Integral Acquisition Corporation 1 has received significant support through forward purchase agreements totaling US$30 million. As a blank check company, they are actively seeking a merger opportunity to create value for their shareholders.
Integral Acquisition Corporation 1 (NASDAQ: INTEU) announced that starting December 16, 2021, investors can trade the Company’s Class A common stock and warrants separately, with stocks trading under symbols ‘INTE’ and ‘INTEW’. Each unit consists of one share of common stock and half a redeemable warrant, with whole warrants allowing the purchase of one share at $11.50. The Company focuses on merging with technology companies in Australia and New Zealand but has no specific targets selected yet.
Integral Acquisition Corporation 1 (Nasdaq: INTEU) has successfully closed its initial public offering, raising $115 million. The IPO, completed on November 5, 2021, involved the sale of 11,500,000 units, priced at $10.00 each. Each unit contains one share of Class A common stock and half a redeemable warrant, with whole warrants exercisable at $11.50 per share. The proceeds from the IPO will primarily support future business combinations targeting technology companies in Australia and/or New Zealand.
Integral Acquisition Corporation 1 has priced its initial public offering at $10.00 per unit, offering 10,000,000 units on Nasdaq under the ticker symbol INTEU. Each unit comprises one Class A common stock share and one half redeemable warrant, exercisable at $11.50 per share. The offering aims to target technology-oriented companies in Australia and New Zealand. Wells Fargo Securities is the sole book-runner, with an option to purchase an additional 1,500,000 units. The registration statement was approved by the SEC on November 2, 2021.
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