Acri Capital (NASDAQ: ACACU), a newly organized blank check company incorporated as a Delaware corporation, has announced the pricing of its initial public offering of 7,500,000 units, each at an offering price of $10.00, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant will entitle the holder to purchase one share of Class A common stock, with an exercise price of the warrants of $11.50 per full share. The units have commenced trading on the Nasdaq Global Market under the ticker symbol ACACU. Once the securities comprising the units begin separate trading, Class A common stock and warrants will be traded on Nasdaq under the symbols ACAC and ACACW, respectively. EF Hutton, division of Benchmark Investments LLC, is acting as sole book-running manager and the representative of the underwriters for the offering. The company has granted the underwriters a 45-day option to purchase up to 1,125,000 additional units at the initial public offering price to cover over-allotments, if any.
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About Acri Capital Acquisition Corporation
Acri Capital is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities, provided that it will not undertake its initial business combination with any entity being based in or having the majority of its operations in China (including Hong Kong and Macau).
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