Chardan is bookrunner; Maxim Group and I-Bankers Securities assist
By Devika Patel
Knoxville, Tenn., Sept. 14 – M I Acquisitions, Inc. said it priced its $50 million initial public offering of units with a $7.5 million greenshoe.
The company will sell 5 million units of one common share and one warrant at $10.00 per unit.
The warrants are each exercisable at $11.50.
Chardan is the bookrunner.
The New York-based blank check company intends to list its units on the Nasdaq under the symbol “MACQU.”
| Issuer: | M I Acquisitions, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $50 million
|
| Greenshoe: | $7.5 million, or 750,000 units
|
| Units: | 5 million
|
| Price: | $10.00
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | $11.50
|
| Bookrunner: | Chardan
|
| Co-managers: | Maxim Group LLC and I-Bankers Securities, Inc.
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 14
|
| Stock symbol: | Nasdaq: MACQU
|
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