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Ribbon Acquisition Corp - RIBBU STOCK NEWS

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

Ribbon Acquisition Corp (RIBBU) is a blank check company focused on identifying strategic business combinations across global markets. This page aggregates official news and press releases related to merger opportunities, leadership updates, and regulatory developments.

Investors and analysts will find timely updates on RIBBU's search for acquisition targets, including filings with securities regulators and progress toward completing qualifying transactions. The curated collection serves as a centralized hub for tracking the company's activities in capital markets.

Content includes verified announcements regarding potential mergers, executive team changes, and operational milestones. Users can expect updates on partnership evaluations, shareholder communications, and market expansion strategies aligned with RIBBU's focus on Asia Pacific opportunities outside Greater China.

Bookmark this page for direct access to primary source materials and essential updates about RIBBU's progress in executing its SPAC mandate. Check regularly for new developments in this dynamic segment of corporate finance.

Rhea-AI Summary

Ribbon Acquisition Corp (NASDAQ: RIBBU) has announced that holders of its 5,000,000 units from the initial public offering can now separately trade the ordinary shares and rights included in these units, effective March 7, 2025.

The units will continue trading on the Nasdaq Capital Market under the symbol 'RIBBU', while the separated components will trade under 'RIBB' for ordinary shares and 'RIBBR' for rights. Unit holders seeking to separate their units must have their brokers contact Odyssey Trust Company, the company's transfer agent.

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Rhea-AI Summary

Ribbon Acquisition Corp (NASDAQ: RIBBU) has successfully completed its initial public offering (IPO) of 5,000,000 units at $10.00 per unit, raising $50 million. Each unit comprises one Class A ordinary share and one right to receive one-seventh of one Class A ordinary share upon completing an initial business combination.

The units began trading on NASDAQ under 'RIBBU' on January 15, 2025. The ordinary shares and rights will later trade separately under 'RIBB' and 'RIBBR' respectively. A.G.P./Alliance Global Partners served as the sole book-running manager, with The Benchmark Company as co-manager. The underwriters have a 45-day option to purchase up to 750,000 additional units to cover over-allotments.

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Rhea-AI Summary

Ribbon Acquisition Corp, a Cayman Islands-based blank check company, has announced the pricing of its initial public offering (IPO) of 5,000,000 units at $10.00 per unit. Each unit comprises one Class A ordinary share and one right to receive one-seventh of one Class A ordinary share upon completing an initial business combination.

The units will trade on Nasdaq under the symbol 'RIBBU' starting January 15, 2025, with the IPO expected to close around January 16, 2025. Once separate trading begins, the Class A shares and rights will trade under 'RIBB' and 'RIBBR' respectively.

A.G.P./Alliance Global Partners is the sole book-running manager, with The Benchmark Company as co-manager. The underwriters have a 45-day option to purchase up to 750,000 additional units to cover over-allotments.

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FAQ

What is the current stock price of Ribbon Acquisition (RIBBU)?

The current stock price of Ribbon Acquisition (RIBBU) is $10.29 as of April 21, 2025.

What is the market cap of Ribbon Acquisition (RIBBU)?

The market cap of Ribbon Acquisition (RIBBU) is approximately 65.8M.
Ribbon Acquisition Corp

Nasdaq:RIBBU

RIBBU Rankings

RIBBU Stock Data

65.80M
5.00M
Blank Checks
TOKYO