Oak Woods Acquisition (NASDAQ: OAKUU) has closed on its initial public offering of 5,750,000 units at $10 per unit; the closing included 750,000 units issued based on the full exercise by the underwriters of the outlined overallotment option. The units, which are listed on NASDAQ, began trading on March 24, 2023, under the ticker symbol OAKUU. According to the announcement, each unit is comprised of one Class A ordinary share, one redeemable warrant and one right to receive one-sixth of a Class A ordinary share upon the consummation of an initial business combination. The announcement noted that once the securities comprising the units begin separate trading, the Class A ordinary shares, rights and warrants will be traded on Nasdaq under the symbols OAKU, OAKUR and OAKUW, respectively.
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About Oak Woods Acquisition Corporation Unit
Oak Woods Acquisition is a newly organized blank check company incorporated as a Cayman Islands-exempted company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although the company is not limited to a particular industry or geographic region for purposes of consummating an initial business combination, it intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region.
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