Pacifico Acquisition Corp. (PAFOU) Prices $50M IPO


Pacifico Acquisition Corp. (PAFOU) Prices $50M IPO

Sep 13, 2021 IPOs by Marlena Haddad

Pacifico Acquisition Corp. announced the pricing of its $50 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “PAFOU” Tuesday, September 14.

The Company intends to focus on a target with primary operations in the new energy, biotech, and education industries in Asia (excluding China) with an enterprise value between $150 million and $300 million. Pacifico is led by CEO, Chairman, and President Edward Cong Wang, and CFO Yi Zhong.

Total SPAC deal count for 2021 year-to-date is now 429. This offering is expected to close on Thursday, September 16.

Chardan acted as the sole book-running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Reed Smith LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. American Stock Transfer & Trust Company, LLC is acting as trustee.