Cetus Capital Acquisition Corp. (CETUU) Prices $50 Million IPO


Cetus Capital Acquisition Corp. (CETUU) Prices $50 Million IPO

Cetus Capital Acquisition Corp. priced its $50 million IPO and its units began trading on the Nasdaq under the symbol “CETUU” Wednesday, February 1, 2023.

The new company intends to focus its search for a target business in the industrials, information technology and Internet-of-Things industries with an intention to initially prioritize Taiwan. The management team is led by CEO, President, and Chairman Chung-Yi Sun and CFO, Secretary, and Treasurer Cheng-Nan Wu.

Total SPAC deal count for 2023 year-to-date is now 2. This offering is expected to close on Friday, February 3.

EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering. Pryor Cashman LLP is serving as Issuer’s Counsel with Sichenzia Ross Ference LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.