Welcome to our dedicated page for PROOF Acquisition I news (Ticker: PACI-UN), a resource for investors and traders seeking the latest updates and insights on PROOF Acquisition I 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 PROOF Acquisition I'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 PROOF Acquisition I's position in the market.
PROOF Acquisition Corp I (PACI) announced that starting January 21, 2022, holders of its IPO units can separately trade Class A common stock and warrants. Each unit comprises one share of Class A common stock and half a redeemable warrant. The Class A common stock will trade under the symbol 'PACI' and the warrants under 'PACI.WS' on the NYSE.
The units will continue to trade under 'PACI.U' for those not separated. The offering was managed by BofA Securities, and a registration statement was effective as of November 30, 2021.
PROOF Acquisition Corp I (PAC I) has successfully closed its initial public offering (IPO) of 27,600,000 units at $10.00 each, generating gross proceeds of $276,000,000. This marks a significant event as the units began trading on the NYSE under the ticker symbol 'PACI.U' on December 1, 2021. Each unit comprises one share of Class A common stock and half a redeemable warrant, which permits holders to buy additional shares at $11.50. BofA Securities led the offering and a registration statement was effective as of November 30, 2021.
