Acri Capital Acquisition Corp. (ACACU) Prices $75M IPO


Acri Capital Acquisition Corp. (ACACU) Prices $75M IPO

Acri Capital Acquisition Corp. priced its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACACU” Friday, June 10, 2022.

The new SPAC intends to focus its search on identifying a prospective target in the technology-enabled industries in North America, namely within the geographic limits of the United States, Canada and Mexico. Acri Capital is led by Chairwoman, CEO and CFO “Joy” Yi Hua.

Total SPAC deal count for 2022 year-to-date is now 68. This offering is expected to close on Tuesday, June 14.

EF Hutton, a division of Benchmark Investments, LLC is the sole book-running manager for the offering. Robinson & Cole LLP is serving as Issuer’s Counsel with Hunter Taubman Fischer & Li LLC serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.