Welcome to our dedicated page for MPACU news (Ticker: MPACU), a resource for investors and traders seeking the latest updates and insights on MPACU stock.
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MultiMetaVerse Inc. and Model Performance Acquisition Corp. (MPAC) have successfully completed their business combination, leading to the formation of MultiMetaVerse Holdings Limited (MMV). Starting January 5, 2023, MMV will trade on Nasdaq under the ticker symbols MMV and MMVWW for its shares and warrants, respectively. This merger aims to enhance MMV's position as a global digital entertainment provider, focusing on animation and immersive experiences. The company intends to expand its content portfolio and reach new markets, leveraging its established community and innovative storytelling.
Model Performance Acquisition Corp. (NASDAQ: MPACU) has priced its initial public offering of 5,000,000 units at $10.00 each, set to begin trading on NASDAQ on April 8, 2021. Each unit consists of one Class A ordinary share, one half of a redeemable warrant, and a right to receive one-tenth of a Class A ordinary share upon the business combination. Maxim Group LLC is the sole book-running manager, and underwriters have the option to purchase up to an additional 750,000 units. The offering is scheduled to close on April 12, 2021, subject to customary conditions.
