Evergreen Acquisition Corp. (EVGRU) Prices $100M IPO


Evergreen Acquisition Corp. (EVGRU) Prices $100M IPO

Evergreen Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVGRU” Wednesday, February 9.

The new SPAC intends to focus its search on technology companies involved in Artificial Intelligence (AI), FinTech and Financial Services, the Metaverse, the Internet of Things (IoT), eCommerce, social commerce, Industry 4.0 (IR4.0), as well as areas surrounding the new digital economy, in the ASEAN region. Evergreen is led by the Chairman of the Board Liew Choon Lian, and CFO Izmet Iskander Bin Mohd Ramli.

Total SPAC deal count for 2022 year-to-date is now 30. This offering is expected to close on Friday, February 11.

EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Pryor Cashman LLP serving as Underwriter’s Counsel.  MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.