Prime Number Acquisition I Corp. (PNACU) Prices $60M IPO


Prime Number Acquisition I Corp. (PNACU) Prices $60M IPO

May 12, 2022 IPOs by Marlena Haddad

Prime Number Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PNACU” Friday, May 13, 2022.

The new SPAC intends to focus its search on the technology-enabled financial sectors or related industries that have a strong management team. Prime Number I is led by CEO and Chairman Dongfeng Wang, and CFO David Friedman.

Total SPAC deal count for 2022 year-to-date is now 67. This offering is expected to close on Tuesday, May 17.

Prime Number Capital, LLC and WestPark Capital, Inc. are acting as the representatives of the underwriters for the offering. Robinson & Cole LLP is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.