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Innovative International Acquisition Corp. - IOACU STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Innovative International Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Innovative International Acquisition's position in the market.

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Innovative International Acquisition Corp. has successfully closed its initial public offering (IPO), raising $230,000,000 from the sale of 23,000,000 units priced at $10.00 each. This includes 3,000,000 units from the complete exercise of the over-allotment option. The units began trading on Nasdaq under the ticker symbol IOACU on October 27, 2021.

Proceeds from the offering, along with a private placement, have placed approximately $234,600,000 into the company’s trust account, setting the stage for future business combinations.

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Innovative International Acquisition Corp. has priced its IPO at $10.00 per unit, raising $200 million with 20,000,000 units expected to trade on Nasdaq under the ticker symbol IOACU starting on October 27, 2021. Each unit comprises one Class A ordinary share and a half warrant, with full warrants priced at $11.50. The offering is set to close on October 29, 2021, subject to closing conditions. The company aims to focus on mergers in the consumer technology, healthcare, and SaaS sectors.

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Innovative International Acquisition Corp.

Nasdaq:IOACU

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24.06M
0.01%
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