Pacifico Acquisition Corp. Announces Pricing of $50 Million Initial Public Offering
Pacifico Acquisition Corp. (NASDAQ: PAFOU) has priced its initial public offering (IPO) at $10.00 per unit, comprising 5,000,000 units. Trading will commence on NASDAQ on September 14, 2021. Each unit includes one common stock share and one right to receive a tenth of a share upon a business combination. An additional 750,000 units may be purchased by underwriters to cover over-allotments. The offering is projected to close on September 16, 2021, pending standard conditions. The company focuses on mergers and acquisitions in the new energy, biotech, and education sectors primarily in Asia.
- Successfully priced IPO at $10.00 per unit, indicating strong market interest.
- Plans to trade on NASDAQ under ticker PAFOU, enhancing visibility.
- Potential for additional funding through over-allotment option of 750,000 units.
- None.
NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Pacifico Acquisition Corp. (NASDAQ: PAFOU, the "Company") announced today that it priced its initial public offering of 5,000,000 units at
The underwriters have been granted a 45-day option to purchase up to an additional 750,000 units offered by the Company to cover over-allotments, if any.
The offering is expected to close on September 16, 2021, subject to customary closing conditions.
Chardan acted as the sole book-running manager in the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 13, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Chardan, 17 State Street, 21st floor, New York, New York 10004. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Pacifico Acquisition Corp.
Pacifico Acquisition Corp. is a Delaware corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on operating businesses in and around the new energy, biotech, and education industries in Asia (excluding China).
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Edward Cong Wang
Pacifico Acquisition Corp.
(646) 886 8892
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