Welcome to our dedicated page for Melar Acquisition I news (Ticker: MACIW), a resource for investors and traders seeking the latest updates and insights on Melar Acquisition I stock.
Null (MACIW) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company aims to identify and complete a business combination with a company in the financial technology, technology, or telecommunications sectors. With a focus on innovation and growth potential, Null seeks to create sustainable value for its shareholders through strategic partnerships and investments.
Melar Acquisition Corp. I announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, raising $150 million.
The units will be listed on Nasdaq under the symbol 'MACIU' starting June 18, 2024. Each unit consists of one Class A ordinary share and one-half of a warrant, with each whole warrant exercisable at $11.50 per share.
Upon separate trading, shares and warrants will trade under 'MACI' and 'MACIW', respectively. The IPO is expected to close on June 20, 2024, subject to customary conditions.
The offering is led by Cohen & Company Capital Markets and Seaport Global Securities. The Company has granted underwriters a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments.
The leadership team includes CEO Gautam Ivatury, CFO Edward Lifshitz, and COO Eric Lifshitz.
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