Oak Woods Acquisition Corporation (OAKU) Prices $50M IPO

Oak Woods Acquisition Corporation priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OAKU” Friday, March 24, 2023.

The SPAC intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region. Oak Woods is led by CEO, CFO, and Chairman Lixin Zheng.

Total SPAC deal count for 2023 year-to-date is now 9. This offering is expected to close on Tuesday, March 28, 2023.

EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), is acting as the sole book running manager for the offering. RAITI, PLLC is serving as Issuer’s Counsel with Ortoli Rosenstadt LLP serving as Underwriter’s Counsel. Marcum Asia CPAs LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.