Plutonian Acquisition Corp. (PLTNU) Prices $50M IPO


Plutonian Acquisition Corp. (PLTNU) Prices $50M IPO

Plutonian Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PLTNU” Thursday, November 10, 2022.

The new SPAC intends to focus its search for a target on businesses engaged in metaverse technologies, tourism and e-commerce related industries in the Asia-Pacific region. Plutonian is led by CEO, Chairman, and President Wei Kwang Ng, and CFO Ke Wang.

Total SPAC deal count for 2022 year-to-date is now 83. This offering is expected to close on Monday, November 14.

EF Hutton acted as the sole book-running manager in the offering. Wilson Sonsini Goodrich & Rosati is serving as Issuer’s Counsel with Bracewell LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.