Offering conducted at $10.00 per unit by underwriter Rodman & Renshaw
By Devika Patel
Knoxville, Tenn., April 4 - Aquasition Corp. priced its $50 million initial public offering of units, according to a Form F-1 filed Wednesday with the Securities and Exchange Commission. The deal has a $7.5 million greenshoe.
The company will sell 5 million units of one common share and one warrant at $10.00 per unit, with each warrant exercisable at $7.50 for five years.
Rodman & Renshaw, LLC is the underwriter.
Aquasition is a blank check company based in London. The company expects its shares to trade on the Nasdaq.
| Issuer: | Aquasition Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $50 million
|
| Greenshoe: | $7.5 million
|
| Units: | 5 million
|
| Price: | $10.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $7.50
|
| Underwriter: | Rodman & Renshaw, LLC
|
| Pricing date: | April 4
|
| Stock exchange: | Nasdaq
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
