Hainan Manaslu Acquisition Corp. (HMACU) Prices $60M IPO

Hainan Manaslu Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HMACU” Thursday, August 11, 2022.

The new SPAC aims to focus on targets with high growth potential in the post COVID-19 market including companies targeting vast consumer segments, platform based businesses, and products targeting the younger generation of consumers. Hainan Manaslu is led by Chairman and CEO Zhifan Zhou, CFO Wenyi Shen, and CIO Xun Zhang.

Total SPAC deal count for 2022 year-to-date is now 74. This offering is expected to close on Monday, August 15.

Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager for the IPO. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Blank Rome LLP  serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.