A SPAC I Acquisition Corp. (ASCAU) Prices $60M IPO


A SPAC I Acquisition Corp. (ASCAU) Prices $60M IPO

Feb 15, 2022 IPOs by Marlena Haddad

A SPAC I Acquisition Corp. announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ASCAU” Tuesday, February 15.

The new SPAC intends to direct its efforts in the United States and/or Asia (excluding China) and focus on sourcing opportunities that are in the technology, media and telecom sectors (TMT).  A SPAC I is led by CEO, CFO and Chairman Claudius Tsang.

Total SPAC deal count for 2022 year-to-date is now 38. This offering is expected to close on Thursday, February 17.

Chardan is acting as the sole book running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Hunter Taubman Fischer & Li LLC serving as Underwriter’s Counsel. Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.