AGBA Acquisition Ltd. Prices $40M SPAC
May 14, 2019 INTEL by Kristi Marvin
AGBA Acquisition Ltd. (AGBAU), announced the pricing of their $40 million SPAC IPO this morning and the units are expected to begin trading today under the symbol Nasdaq: AGBAU.
AGBA Acquisition Ltd, which will be focusing on businesses in China, will be led by Gordon Lee, as Chief Executive Officer, and Vera Tan, as Chief Financial Officer.
Total SPAC deal count for 2019 year-to-date is now 22 with $4.904 billion in gross proceeds raised. The offering is expected to close on or about May 16th, 2019.
Congratulations to all.
Maxim Group LLC acted as sole book-running manager.
Loeb & Loeb LLP and Hunter Taubman Fischer & Li LLC, were Issuer’s Counsel and Underwriter’s Counsel, respectively.