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HUB Cyber Security Ltd announced key dates for its merger with Mount Rainier Acquisition Corp (RNER) and subsequent Nasdaq listing. The merger is set for February 27, 2023, with trading expected to begin on Nasdaq under new symbols on February 28, 2023. HUB specializes in cybersecurity solutions, operating in over 30 countries, and aims to enhance its market footprint through this merger. The transition to Nasdaq is anticipated to be seamless for investors, facilitating immediate buy and sell orders through local brokers.
HUB Cyber Security announced the fulfillment of all conditions for its merger with Mount Rainier Acquisition Corp (Nasdaq:RNER), valued at $1.28 billion. This merger represents a significant milestone for HUB, a developer of cybersecurity solutions specializing in confidential computing. The completion is contingent upon the absence of legal impediments, with at least ten trading days remaining on the Tel-Aviv Stock Exchange before the delisting and transition to Nasdaq. HUB aims to enhance its market position and expand its offerings globally.
Mount Rainier Acquisition Corp. announced that starting January 3, 2022, holders of units from its IPO on October 7, 2021 can separately trade shares of common stock and warrants on Nasdaq. The common stock and warrants will trade under the symbols RNER and RNERW, respectively, while units remain under RNERU. Investors must contact American Stock Transfer & Trust Company to separate their units. The IPO was managed by A.G.P./Alliance Global Partners and Brookline Capital Markets.
Mount Rainier Acquisition Corp. (NASDAQ:RNERU) successfully closed its initial public offering (IPO), raising $172.5 million by offering 17,250,000 units at $10.00 each. The offering included an overallotment option that allowed underwriters to purchase an additional 2,250,000 units. Each unit consists of a share of common stock and a redeemable warrant, which allows for the purchase of shares at $11.50. The common stock and warrants will trade separately under the symbols RNER and RNERW, respectively, following their separation.
Mount Rainier Acquisition Corp. has announced the pricing of its IPO at
